Perfectly competitive firms
A. are price takers.
B. sell homogeneous products.
C. are small relative to the size of the market.
D. All of the above are correct.
Answer: D
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A firm's short-run average total cost curve is parallel to its short-run average variable cost curve
Indicate whether the statement is true or false
Surplus is:
A. a measure of the value that buyers and sellers get from participating in a market B. maximized for individuals whose reservation price equals the market price. C. negative for those who do not participate in a market. D. All of these are true.
In 2013, plowback accounted for nearly ____ in corporate financing
a. $65 billion b. $100 billion c. $2 trillion d. ?$2 billion
Which of the following is an accurate statement about economics?
a. It helps us understand the consequences of our choices. b. It tells us when to choose. c. It tells us how to choose. d. It is an objective guide of what to choose.