It can be shown that average revenue and price are always equal
a. True
b. False
Indicate whether the statement is true or false
True
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If Tom does not tattle, what would Sarah's best response be
a. Hit b. Not hit c. Run d. Hide
What's the firm's contribution margin?
a. $15 b. $18 c. $3 d. $4
If the interest rate is below the Fed's target, the Fed should
a. buy bonds to increase bank reserves. b. buy bonds to decrease bank reserves. c. sell bonds to increase bank reserves. d. sell bonds to decrease bank reserves.
Refer to the graph shown. An exchange rate of $2.95 per dinar creates excess:
A. supply of dinar that will cause the dinar to lose value, unless dinar are bought by the government. B. supply of dinar that will cause the dinar to lose value, unless dinar are sold by the government. C. supply of dinar that will cause the dinar to gain value, unless dinar are bought by the government. D. demand for dinar that will cause the dinar to gain value, unless dinar are sold by the government.