Long-run equilibrium under monopolistic competition requires that
a. the demand curve intersect the average cost curve.
b. the demand curve be tangent to the average cost curve.
c. price be equal to marginal cost.
d. quantity produced be at the point where average cost is at a minimum.
b
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Entitlements and net interest are the ________ the U.S. federal budget
A) two fastest-growing components of B) only two declining components of C) only two components with negative values in D) two slowest-growing components of
Who pays a corporate income tax?
a. owners of the corporation b. customers of the corporation c. workers of the corporation d. All of the above are correct.
Economists Novy-Marx and Rauh contend that cities are
A. accurately stating the value of their assets but understating the value of their pension liabilities. B. accurately stating the value of their assets but overstating the value of their pension liabilities. C. accurately stating their pension liabilities. D. understating the value of both their assets and liabilities.
Refer to the information provided in Figure 27.1 below to answer the question(s) that follow.
Figure 27.1Refer to Figure 27.1. Suppose the economy is at Point A. A(n) ________ can cause a movement to Point D.
A. decrease in aggregate demand B. increase in the price level C. increase in aggregate demand D. decrease in the price level