The perfectly competitive seller's short-run supply curve is
A) its entire marginal cost curve.
B) its marginal revenue curve.
C) the part of its marginal cost curve above the average variable cost curve.
D) the part of its marginal cost curve above the average total cost curve.
C
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Assuming demand is inelastic, if a firm wants to increase its total revenue, it should raise price
Indicate whether the statement is true or false
Using the Internal Rate of Return approach to investment, one would undertake an investment if the internal rate of return
A) equals zero. B) equals the interest rate. C) exceeds the interest rate. D) is less than the interest rate.
The quantity demanded in a market is only large enough for one firm to operate at the minimum of the long-run average cost curve. Which of the following will result in this situation?
a. Natural monopoly b. Oligopoly c. Duopoly d. Cartel
Some studies have found that saving is not very sensitive to the rate of return on saving
a. True b. False Indicate whether the statement is true or false