If marginal revenue is less than price for a firm, it must be true that the firm
a. is a monopoly
b. is in perfect competition
c. is in monopolistic competition
d. faces a perfectly elastic demand curve
e. faces a downward-sloping demand curve
E
Economics
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Suppose AT&T issues a five-year bond with a face value of $10,000 that pays an annual coupon payment of $300. What is the interest rate that AT&T is paying on the borrowed funds?
a. 15% b. 3% c. 10% d. 33%
Economics
Traditionally, the age group with the highest rate of savings is the _________.
Fill in the blank(s) with the appropriate word(s).
Economics
Brazil should be classified as a(n)
A. very poor LDC. B. middle-rank LDC. C. NIC. D. industrial country.
Economics
A consumption function shows a
What will be an ideal response?
Economics