If the price were $15, what would this firm do in the (a) short run? (b) the long run?
(a) operate; (b) go out of business
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A key objective of the gold standard was to
A) create a flexible exchange rate system between countries. B) create a fixed exchange rate system between countries. C) allow nations to maintain their gold reserves. D) allow nations to tax its citizens in gold.
The agency in charge of environmental law is the Environmental Protection Agency
a. True b. False Indicate whether the statement is true or false
Money that a firm uses to buy the physical plant, equipment, and raw materials for production is called
a. profit b. loanable funds c. marginal revenue product of capital d. capital equipment e. total physical product of capital
Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?