Entry of new firms will occur in a monopolistic competitive industry until:
a. marginal cost equals zero.
b. marginal revenue equals zero.
c. marginal revenue equals marginal cost.
d. economic profit equals zero.
e. economic profit is negative.
d
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If a country is subject to increasing opportunity costs, its national supply curve (i.e. the locus of national output levels of S at various relative prices of S) will have a ________ slope
A) flat B) positive C) negative D) bowed out
What is a shortcoming of GDP?
The number of shares of Biggie Corporation stock outstanding in 2013 was 100 million. In 2013, Biggie stock paid a dividend of $2.50 per share and its dividend yield was 2 percent. If the price-earnings ratio is 20, then Biggie's total earnings in 2013 amounted to
a. $15.6 million. b. $250 million. c. $160 million. d. $625 million.
Data on education and earnings reveal:
A. negative age-earnings profiles for male workers. B. no relationship between the two. C. a positive relationship between the two. D. a negative relationship between the two.