If the slope of a demand curve is constant, then so is the elasticity on that demand curve.
Answer the following statement true (T) or false (F)
False
Economics
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What rule(s) should a firm follow in deciding optimum output for profit maximization?
What will be an ideal response?
Economics
Proprietary technology is knowledge that is
a. known but no longer used much. b. known, but only recently discovered. c. known mostly by only those in a certain profession. d. known only by the company that discovered it.
Economics
High income economies, with only about one-sixth of the world's population, produced more than one-third the world's output
Indicate whether the statement is true or false
Economics
Open-market operations affect the supply of reserves.
Answer the following statement true (T) or false (F)
Economics