A firm will not shut down in the short run as long as\ it is at the point where MR = MC and:
A. P > AVC.
B. P > ATC.
C. P > MC.
D. P > AFC.
Answer: A
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Of the following OECD countries, which has the best breast cancer and prostate cancer survival rates?
A) the United Kingdom B) Japan C) Canada D) the United States
How did the global savings glut in the 2000s affect the U.S. current account balance?
A) It caused it to decline by increasing the value of the dollar. B) It caused it to decline by reducing the value of the dollar. C) It caused it to increase by increasing the value of the dollar. D) It caused it to increase by reducing the value of the dollar.
Suppose that you allow yourself $50 per month to spend on compact disks. You spend exactly this much every month regardless of the price of compact disks. Therefore, your demand for CDs
a. is elastic b. is inelastic c. is unit elastic d. cannot be characterized unless we know the price of a disk e. cannot be characterized unless we know the price and quantity of compact disks purchased
The Fed relies primarily on the discount rate to control the money supply
a. True b. False Indicate whether the statement is true or false