If the monopoly's demand curve intersects the AVC curve at minimum AVC, the firm will shut down
Indicate whether the statement is true or false
False. If that is the case, marginal cost will intersect marginal revenue at some quantity that is less than the quantity that minimizes AVC. The price that consumers are willing to pay for that quantity will be compared to the AVC for that quantity.
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What are three reasons that employees may prefer to save through pensions provided by employers rather than through savings accounts?
What will be an ideal response?
Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job?
a. The employer provides low cost child-care services on the premises. b. The job is widely viewed as prestigious. c. The job requires substantial amounts of stressful out-of-town travel. d. The job involves working in pleasant surroundings.
According to the text, one of the most critical issues in any business is
a. hiring and firing individuals b. customer service c. balancing a budget d. managing money e. all of these
At an equilibrium level of output in a pure monopoly:
A. P > MC and P = minimum ATC. B. P > MC and P > minimum ATC. C. P = MC and P = minimum ATC. D. P = MC and P > minimum ATC.