The supply curve for funds
a. is generally positively sloped.
b. depends upon people's savings plans.
c. is a function of the interest rate.
d. All of the above are correct.
d
Economics
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For which of the following types of firm does the average revenue curve coincide with the marginal revenue curve?
a. A monopolist b. An oligopoly firm c. A monopolistically competitive firm d. A perfectly competitive firm e. A monopsonist
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Which of the following about trade is true?
a. Trade does not produce anything new; therefore, it cannot create value. b. The value of a good is determined by the cost of the material resources required for its production. c. The value of a good generally depends on who uses it and circumstances such as when and where it is used. d. All of the above are true.
Economics