The short-run equilibrium of the firm under monopolistic competition has excess capacity
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In the above figure, what is the marginal cost of the 4th pizza?
A) $0 B) $4 C) $9 D) $36 E) 4 pizzas
Economics
When accounting profits are positive, economic profits could be:
A. positive. B. negative. C. zero. D. All of these are possible.
Economics
When there is an excess supply of a product in an unregulated market, the tendency is for
A. quantity demanded to decrease. B. price to rise. C. price to decrease. D. quantity supplied to increase.
Economics
If the Consumer Price Index rises from 300 to 333 in a particular year, the rate of inflation in that year is:
A. 11 percent. B. 33 percent. C. 91 percent. D. 10 percent.
Economics