A monopolistically competitive firm, like a perfectly competitive firm, is a price taker
a. True
b. False
Indicate whether the statement is true or false
False
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What are two main obstacles to increased international integration?
What will be an ideal response?
Which of the following will raise the expected marginal product of capital?
A) a reduction in the interest rate B) increased business optimism C) an investment tax credit D) a reduction in the corporate profits tax
Suppose the production function is q = 12 L0.25 K0.75. Determine the long-run capital-to-labor ratio (K/L) if the cost a unit of capital (r) is three times the cost of a unit of labor (w)
What will be an ideal response?
The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Federal Reserve the authority to establish a reserve requirement for all financial institutions
a. True b. False Indicate whether the statement is true or false