If a typical monopolistically competitive firm is making short-run losses, then
A) as some firms leave, the demand for the products of the remaining firms will become more elastic.
B) other more competitive firms will enter the market.
C) as some firms leave, the remaining firms will experience an increase in the demand for their products.
D) the industry will eventually cease to exist.
C
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Prices of related goods are a determinant of demand but not supply
Indicate whether the statement is true or false
If the interest rate is 10% then the net present value of these cash flows is
a. $1041.32 b. $541.32 c. $1090.91 d. $590.91
Which of the following provides the best explanation of why money is valuable?
A. Money is valuable because it is indivisible. B. Money is valuable because it is scarce. C. Money is valuable because it is backed by precious metals, primarily gold and silver. D. Money is valuable because it has intrinsic value, independent of its use as a means of exchange.
A discouraged worker is someone who
A. is employed. B. is unemployed. C. is not in the labor force. D. has been fired.