An example of a perfectly competitive firm is
A) an oat farmer in the United States.
B) the local cable TV company.
C) a U.S. automobile producer.
D) a big city newspaper.
A
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When an economy is on the balanced growth path, the growth rate of real GDP per capita is determined by the growth rate of
A) convergence. B) capital accumulation. C) total factor productivity. D) the labor force.
Refer to the accompanying table. If the price of Good A is $1 and the price of Good B is $3, then the rational spending rule is satisfied when the consumer purchases ________ units of Good A and ________ units of Good B. UnitsMarginal Utilityof Good AMarginal Utilityof Good B1304022733315244814
A. 4; 3 B. 4; 4 C. 3; 3 D. 3; 4
Large denomination time deposits are CDs of at least $________.
Fill in the blank(s) with the appropriate word(s).
If a firm sells bonds on the capital market, the amount the firm must pay for the use of those funds is counted in aggregate accounting as:
A. employee compensation. B. rents. C. interest. D. profits.