Which of the following conditions is characteristic of a monopolistically competitive firm in long-run equilibrium?
a. P > MR and P = MC
b. ATC = demand and MR = MC
c. P < MC and demand = ATC
d. P > ATC and demand > MR
b
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Which of the following formulas is correct?
A) Net investment = gross investment + capital B) Net investment = gross investment - saving C) Net investment = gross investment - wealth D) Net investment = gross investment - depreciation E) Net investment = gross investment + depreciation
The graph shown demonstrates a tax on buyers. What is the amount of tax revenue being generated from the tax?
A. $72
B. $36
C. $48
D. $96
Federal funds market rate is: a. the rate at which central bank provides funds to commercial banks
b. the rate charged by banks on loans to the public. c. the rate charged on loans from one bank to another provided to meet reserve requirement. d. higher than the discount rate.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.