In the long run:
A. all costs are variable costs.
B. all costs are fixed costs.
C. variable costs equal fixed costs.
D. fixed costs are greater than variable costs.
Answer: A
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The interest rate on secondary credit is set ________ basis points ________ the primary credit rate
A) 100; above B) 100; below C) 50; above D) 50; below
Explain the difference between Microeconomics and Macroeconomics
What will be an ideal response?
The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of households called the
a. Census. b. Labor Survey. c. Survey of Economic Indicators. d. Current Population Survey.
A price leader sets a price that ______.
a. undercuts the prices of the price followers b. aligns with the cartel agreement c. maximizes the concentration ratio d. maximizes its individual profit