At point A, 
A. MC = MR.
B. The firm would do worst by shutting down.
C. MC > MR.
D. The firm is making positive economic profit.
Answer: A
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Explain the relationship of the long-run aggregate supply curve, the short-run aggregate supply curve and the aggregate demand curve in determining a long-run and short-run macroeconomic equilibrium
What will be an ideal response?
According to the classical approach, if planned savings increases,
a. the rate of interest will rise. b. the rate of interest will fall. c. planned investment will fall. d. planned consumption will increase.
A leading indicator:
a. changes in either direction before a recession starts. b. usually declines before a recession starts. c. generally changes after real GDP changes. d. remains unaffected by changes in real GDP. e. does not change with business cycles.
Recent housing reforms in Cuba should give homeowners? ________ incentives to repair their homes and therefore? ________ construction of new homes.
A) more; decrease
B) fewer; increase
C) fewer; decrease
D) more; increase