Entry causes the competitive firm's demand curve to fall
Indicate whether the statement is true or false
True
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If the realized real interest rate in an economy is 6%, the realized inflation rate is 8%, and the expected inflation rate is 8%, then the nominal interest rate in the economy is:
A) 2%. B) 8%. C) 20%. D) 14%.
The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.
The distance EF represents:
A. marginal cost. B. average total cost. C. average fixed cost. D. average variable cost.
The demand schedule for a good shows:
A. the specific quantity of the good that people are willing and able to sell at different prices. B. the positive relationship between the price and the quantity of the good. C. no relationship between the price and the quantity of the good. D. the specific quantity of the good that people are willing and able to buy at different prices.
If the marginal benefits of the output from resources devoted to the production of a product are greater than the marginal costs, then there has been an overallocation of resources to the production of that product.
Answer the following statement true (T) or false (F)