For a perfectly competitive firm, the marginal revenue curve has ________ point(s) in common with the firm's demand curve.
A. no
B. one
C. all
D. indeterminate from the given information
Answer: C
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During 1990–2003, as a percentage of total resource flows to developing countries, the share of official flows has
(a) remained relatively constant. (b) increased by a relatively small percentage. (c) increased by a relatively large percentage. (d) decreased by a relatively small percentage. (e) decreased by a relatively large percentage.
What is velocity of money?
A) It is the number of times households convert bonds to money to facilitate economic transactions. B) It is the rate at which money supply is spent to obtain the goods and services that make up GDP during a particular time period. C) It is the rate at which money supply can grow while keeping the price level stable. D) It is the number of times the money supply is spent to obtain the goods and services that make up GDP during a particular time period.
Tying contracts are illegal under the:
A. Wagner Act of 1935. B. Clayton Act of 1914. C. FTC Act of 1914. D. Celler-Kefauver Act of 1950.
Sunk Cost
What will be an ideal response?