Which of the following is ALWAYS true for a perfectly competitive firm?
A) P = MR
B) P = ATC
C) MR = ATC
D) P = AVC
A
Economics
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When unions or legislation makes it necessary for a firm to pay higher wages,
A) efficiency declines. B) income is transferred from wealthy people to poor people. C) the marginal value of retained employees falls. D) the marginal value of retained employees rises. E) total purchasing power increases.
Economics
Why does the segmented markets theory suggest think that bonds of different maturities are not perfect substitutes for each other?
What will be an ideal response?
Economics
What are some reasons that an "emerging market" country may choose a fixed exchange rate regime?
What will be an ideal response?
Economics
Division of labor allows people to do tasks for which they have greater natural ability
a. True b. False
Economics