Eurodollars are mainly traded in Europe
Indicate whether the statement is true or false
FALSE
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The figure above shows a perfectly competitive firm. The firm is operating; that is, the firm has not shut down. The firm is
A) making an economic profit of $200. B) incurring a economic loss of $200. C) incurring an economic loss of $600. D) making zero economic profit.
Which of the following is not a leading economic indicator?
a. Prices of common stock b. Number of new businesses formed c. Unemployment rate d. New orders for plants and equipment
When a Central Bank takes action to decrease the money supply and increase the interest rate, it is following:
a. a loose monetary policy. b. a contractionary monetary policy. c. a expansionary monetary policy. d. a quantitative easing policy.
Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is average total cost?
A. $1.80 B. $0.825 C. $0.63 D. $4.10 E. none of the above