A change in the cost of production will generally prompt a change in __________.
Fill in the blank(s) with the appropriate word(s).
supply
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If the aggregate supply curve is upward sloping, an increase in aggregate demand will
A. reduce real GDP but increase the price level. B. increase real GDP but reduce the price level. C. reduce both real GDP and the price level. D. increase both real GDP and the price level.
For a perfectly competitive firm operating at the profit-maximizing output level in the short run,
a. MR = TR b. MC = price c. MC = ATC d. MC = AVC e. AFC = price
Which one of the following statements is NOT accurate in relation to shareholders and their conduct in a? corporation?
A. Because shareholders elect the? directors, in theory the shareholders are the final governing body of the corporation. B. Shareholder activism has become a progressively noticeable issue in corporate governance. C. Because shareholders elect the? directors, institutional stock holders long dash—such as pension? funds, insurance? companies, mutual? funds, religious? organizations, and college endowment funds long dash—have significant impact on the governance of corporations. D. Even though most do not have any direct participation in firm? management, shareholders play a significant role in corporate governance. E. Activist shareholders are becoming better prepared and more classy.
Market power is the power to produce at the lowest cost.
Answer the following statement true (T) or false (F)