In the long run, a firm in a monopolistically competitive industry produces where its marginal cost
A) is less than its average cost.
B) equals its average cost.
C) exceeds its average cost.
D) equals its price.
A
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The equation of exchange states that the price level is equal to
A) the quantity of money. B) velocity of circulation multiplied by the quantity of money divided by real GDP. C) real GDP multiplied by the velocity of circulation divided by nominal GDP. D) the velocity of circulation.
Suppose a bank has total assets of $4,000,000,000, of which $1,000,000,000 are cash assets and government securities with a "risk weight" of 0% and $3,000,000,000 are loans with a risk weight of 50%
The bank has total deposits and other liabilities of $3,500,000,000. The bank's risk-based capital ratio is A) 14.3%. B) 25.0%. C) 33.3%. D) 37.5%.
Which of the following would most likely cause the supply of wheat to increase?
a. a decrease in the price of corn, a substitute for wheat b. a technological advance that lowers the cost of producing wheat c. an increase in the cost of producing wheat d. a change in consumer preferences, causing them to prefer plain white bread to whole-wheat bread
Plurality voting ________ the ideal voting-system criteria.
A. fails one of B. meets all C. fails all of D. fails two of