For a monopoly, the marginal revenue curve has ________ point(s) in common with the firm's linear demand curve.
A. no
B. all
C. one
D. indeterminate from the given information
Answer: C
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A firm should shut down in the short run if the price is less than the:
A) average fixed cost. B) average total cost. C) average variable cost. D) marginal cost.
Costs of unemployment include
A) structural unemployment. B) the output lost due to the fact that the economy is not running at full employment. C) reduction in the labor force. D) higher wages.
As long as marginal cost is less than average variable cost:
a. both average total costs and average variable costs will be falling. b. average total costs will be falling but average costs may be rising or falling. c. average fixed costs are rising. d. average total costs are falling but average fixed costs may be rising.
If an American investor buys shares of stock of the German auto manufacturer BMW, the transaction
A. is registered as a debit in the current account, and it decreases private U.S. assets abroad. B. is registered as a credit in the capital account, and it increases foreign private assets in the United States. C. is registered as a debit in the capital account, and it increases private U.S. assets abroad. D. is registered as a credit in the capital account, and it decreases foreign private assets in the United States.