High-growth Asian economies were careful to maintain stable macroeconomic environments
Indicate whether the statement is true or false
TRUE
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If the average cost curve is downward sloping, then
a. marginal cost is smaller than average cost. b. the marginal cost curve is also downward sloping. c. there are increasing marginal returns to labor. d. wages and other input prices are falling.
Left alone, with no government interference, a profit-maximizing firm will produce emissions
A) where the MSB curve crosses the MCA curve. B) at the vertical intercept of the MSB curve. C) at the horizontal intercept of the MSB curve. D) at the vertical intercept of the MCA curve. E) at the horizontal intercept of the MCA curve.
A bank's most important service is
a. making money b. providing checking account services c. organizing money flowing into accounts d. providing investment advice e. increasing the amount of cash the public holds
If there is an increase in market demand in a perfectly competitive market, then in the short run
a. there will be no change in the demand curves faced by individual firms in the market b. the demand curves for firms will shift downward c. the demand curves for firms will become more elastic d. market supply will fall e. profits will rise