Is a monopolistically competitive firm productively efficient?
A) Yes, because it produces where marginal cost equals marginal revenue.
B) No, because price is greater than marginal cost.
C) No, because it does not produce at minimum average total cost.
D) Yes, because price equals average total cost.
C
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Which of the following is not a reason that capital deepening is an important source of economic growth?
(A) More investment funds are made available to businesses. (B) Investment in human capital causes workers to be more valuable to employers. (C) Enhanced training programs improve the productivity of workers. (D) More physical capital improves efficiency and productivity.
The efficient markets theory of stock prices, implies that
a. mutual funds are the best means of investing in the stock market b. it's better not to invest in the stock market at all c. you should only invest in the stock market if you have inside information d. you should alter your portfolio frequently to keep up with the quick movements of the market e. you can do as well on the stock market as an expert, even if you pick your stocks randomly