What is the short-run industry supply curve in a perfectly competitive industry?
What will be an ideal response?
The short-run industry supply curve is the sum of the marginal cost curves (above average variable cost) of all the firms in an industry.
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To reduce labor costs, companies often invent machines and methods to produce products and reduce the amount of labor required. This is called
A) anti-union. B) downsizing. C) failed labor utilization. D) induced innovation.
A weak U.S. dollar leads to a higher volume of U.S. imports
Indicate whether the statement is true or false
With respect to the market clearing price and the equilibrium quantity of good X, increases in the demand for and the supply of good X will definitely
A) increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of X. B) reduce the market clearing price and the equilibrium quantity of good X. C) increase the market clearing price and the equilibrium quantity of good X. D) increase the equilibrium quantity of good X but have an uncertain impact on the market clearing price of X.
Which of the following statements is most accurate?
A. Yield to maturity is equal to the coupon rate if the bond is held to maturity. B. Yield to maturity is the same as the coupon rate if the bond is purchased for face value and held to maturity. C. Yield to maturity will exceed the coupon rate if the bond is purchased for face value. D. Yield to maturity is the same as the coupon rate.