If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be TRUE at that level of output?
A) p = MC
B) MR = MC
C) p ? AVC
D) All of the above.
D
Economics
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________ unemployment arises from a mismatch of skills and jobs
A) Cyclical B) Frictional C) Structural D) Inflationary
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Explain what would happen to the equilibrium price and quantity of pineapples if the supply of pineapples decreased while the demand for pineapples increased
What will be an ideal response?
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Which components of aggregate expenditure are influenced by real GDP?
What will be an ideal response?
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While tariff levels have been falling over the past several decades, nontariff barriers have been used increasingly
Indicate whether the statement is true or false
Economics