The demand curve facing a firm
a. indicates the quantity of output that customers will purchase from that firm, at various prices
b. shows the minimum cost of producing any level of output
c. is drawn assuming that the firm is operating in the short run
d. indicates how much output a profit-maximizing firm will produce, at various prices
e. is downward sloping because consumers have less money to spend, the more output they purchase
A
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Using the data in the above table, the unemployment rate is
A) 4.0 percent. B) 4.16 percent. C) 5.55 percent. D) 28.0 percent.
During 1991, Argentina's monetary law had a currency board. Explain and give an example
What will be an ideal response?
What would happen to the budget line if income as well as prices of both goods increase by the same percentage?
a. A rightward parallel shift in the budget line. b. A leftward parallel shift in the budget line. c. A rightward shift in the budget line. d. No shift in the budget line.
If the Fed desired to fix the euro/dollar exchange rate, they would have to:
A. maintain ample reserves of dollars. B. be willing to exchange dollars for euros whenever anyone asked. C. impose capital controls. D. get the European Central Bank to also agree to fixed exchange rates.