The price-taker firm should discontinue production immediately if
a. the market price exceeds the firm's average total costs.
b. the market price is less than the firm's average variable costs.
c. the market price is less than the firm's average total costs but greater than its average variable cost.
d. its accounting statement indicates that it is suffering losses.
B
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The total market value of capital assets in the United States is about $30 trillion dollars
a. True b. False Indicate whether the statement is true or false
In a closed economy, Y - C - G equals _____. The variable Y is _____, C is _____, and G is _____
Fill in the blank(s) with correct word
The federal funds rate is the
a. percentage of face value that the Federal Reserve is willing to pay for Treasury Securities. b. percentage of deposits that banks must hold as reserves. c. interest rate at which the Federal Reserve makes short-term loans to banks. d. interest rate at which banks lend reserves to each other overnight.
The national income spending identity can be expressed as:
A. M + V = C + I + G + NX. B. M = Y + C + I + G + NX. C. Y = M + V + P. D. Y = C + I + G + NX.