If a competitive firm's marginal cost curve is U-shaped then
A) its short run supply curve is U-shaped too
B) its short run supply curve is the downward-sloping portion of the marginal cost curve
C) its short run supply curve is the upward-sloping portion of the marginal cost curve
D) its short run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short run average variable cost curve
E) its short run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short run average total cost curve
D
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Refer to Figure 10.3. An increase in the real interest rate, with no other changes that affect aggregate expenditure, is best represented by ________ in panel (a) and ________ in panel (b)
A) a shift from AE2 to AE3; a shift from IS1 to IS2 B) a shift from AE3 to AE2; a shift from IS2 to IS1 C) a shift from AE2 to AE1; a movement from point B to point A D) a shift from AE3 to AE1; a movement from point C to point A
Acquisition of an existing solar cell production plant would be considered
A) a greenfield investment. B) foreign direct investment. C) anti-competitive under antitrust law. D) Both A and B.
The largest U.S. government training program is
A. the armed forces. B. R&D. C. public education. D. the FBI.
The supply of loanable funds is an upward-sloping curve because the:
A. Higher the interest rate, the more households consume, and the more households save B. Higher the interest rate, the less households consume, and the more households save C. Lower the interest rate, the more households consume, and the more households save D. Lower the interest rate, the less households consume, and the more households save