Under perfect competition, if marginal cost is below price, then a producer can benefit from increasing his or her output.
Answer the following statement true (T) or false (F)
True
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Firm A, a small ancillary firm, needs funds to purchase new machinery for its factory. The best way the firm can raise funds is: a. by taking credit from a credit union. b. by issuing stocks
c. by issuing bonds. d. by taking out a bank loan.
What are the factors that favor high incentive pay for an employee? Explain which of the five factors is the most important.
What will be an ideal response?
Choose the letter of the diagram in Figure 36.2 that represents the shift in the foreign exchange market for dollars given the following situation, ceteris paribus: A sudden, unexpected surge in inflation in the United States causes reduced purchases of U.S. goods by foreigners.
A. a. B. b. C. c. D. d.
The figure below shows the supply and demand curves for jeans in Smallville.
Suppose jeans initially sell for $60 per pair. If the price of jeans falls to $40 per pair, then total economic surplus will increase by ________ per day.
A. $40 B. $20 C. $80 D. $160