In the long run, total fixed cost equals zero
Indicate whether the statement is true or false
TRUE
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Under fixed exchange rates, a central bank
a. adjusts the money supply automatically and immediately to changes in the demand and supply of foreign exchange b. need hold no reserves of foreign exchange c. enforces the fixed exchange rate by refusing to buy or sell foreign exchange whenever changes occur in demand or supply d. may find its reserves fluctuating as demand and supply conditions change e. has no authority to buy or sell foreign exchange
The market structure that is associated with big business in developed economies is
A. perfect competition. B. monopolistic competition. C. monopoly. D. oligopoly.
A weaker dollar would be a good policy if the U.S. government wanted to:
A. increase U.S. exports and expand the U.S. economy. B. reduce U.S. imports and slow the U.S. economy. C. reduce U.S. exports and slow the U.S. economy. D. increase U.S. imports and expand the U.S. economy.
Refer to the accompanying figures. If Mallory and Rick are the only two consumers in this market and the price of soda increases from $0.75 to $1.00 per can, the quantity of soda demanded in the market will ________ by ________ cans per month.
A. increase; 20 B. decrease; 20 C. decrease; 40 D. increase; 40