In the short run, a firm will produce a positive amount of output as long as
a. P > AVC at some output level
b. P > MC at some output level
c. P < AVC at some output level
d. AVC < ATC at some output level
e. FC > TR at some output level
A
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Explain why the social demand curve for a public good is the vertical sum of the demand curves of each individual
What will be an ideal response?
Refer to the table below. If Tacos R Us sells its taco shells and taco sauce as a package, what is the profit-maximizing price for the bundle?
Tacos R Us sells two different types of products; taco shells and taco sauce. For simplicity, assume that the marginal cost of each product is $0, so that Tacos R Us' total revenue is also its total profit.
A) $7
B) $18
C) $10
D) $9
A decrease in the interest rate, other things constant, will: a. shift the demand for loanable funds curve to the right. b. shift the demand for loanable funds curve to the left. c. increase the quantity of loanable funds demanded. d. increase the quantity of loanable funds supplied
e. shift the supply of loanable funds curve to the right.
From 1977 to 2014, the rate of job creation has generally
A. trended up. B. trended up from 1977 to 2000, then trended down after that. C. trended down from 1977 to 2000, then trended up after that. D. trended down.