Suppose a firm can only vary the quantity of labor hired in the short run. An increase in the cost of capital will
A) increase the firm's marginal cost.
B) decrease the firm's marginal cost.
C) have no effect on the firm's marginal cost.
D) More information is needed to answer the question.
C
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The demand curve faced by a monopolistically competitive firm coincides with its marginal revenue curve
a. True b. False Indicate whether the statement is true or false
When the number of mega-producers of hobs that operated at a lower average cost than smaller producers rose, the number of hogs slaughtered rose to record levels. What economic concept does this describe?
A. Indivisible setup costs B. Economies of scope C. Minimum efficient production D. Economies of scale
A higher real interest rate ________ investment spending and ________ consumption spending.
A. increases; decreases B. decreases; decreases C. decreases; increases D. increases; increases
Suppose you pay $290.00 for a new tablet computer. This is an example of
A) money as a store of value. B) money as a standard of deferred payment. C) barter. D) money as a medium of exchange.