If the price were $8, how much would the firm's output be in the short run?
zero
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Mutual funds that offer shares that are redeemable are referred to as
A) open-end. B) closed-end. C) negotiable. D) nonnegotiable.
In the DMP model, a decrease in the unemployment insurance benefit
A) increases the unemployment rate. B) reduces labor market tightness. C) reduces the unemployment rate. D) reduces the vacancy rate.
The process of money creation can be reversed:
a. when a person pays a loan back to a bank b. when the government passes a law against it. c. when customers begin to deposit money into banks. d. when loans are extended to customers.
Average cost
a. is always larger than marginal cost. b. declines for some range of output, hits a minimum, and then increases. c. is always smaller than marginal cost. d. is total cost/price of the product.