If a firm that had to pay an explicit rent of $5,000 a month bought its own building, at which point it could rent that building to another firm for $4,500 a month, it faces a lower opportunity cost of occupying the building when it owns it
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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One of the reasons the pound depreciated in 1992 was:
A) because Britain was running out of stock of foreign currency reserves. B) because Britain started exporting more than it imported C) because Britain started importing more than it exported. D) because speculative trading had decreased in foreign exchange markets.
Economics
Compare and contrast the financial crises in Mexico in 1994 and in Asia in 1997
What will be an ideal response?
Economics
What does the phrase "Keynesian revolution" refer to?
What will be an ideal response?
Economics
Suppose TC = 10 + (0.1 ? q2). If p = 10, the firm's profits will be
A) 240. B) 250. C) 260. D) -10 because the firm will shut down.
Economics