A perfectly competitive firm will minimize its losses by shutting down when:
A) P < AVC at the profit-maximizing level of output.
B) P < ATC at the profit-maximizing level of output.
C) P < MC at the profit-maximizing level of output.
D) P < TFC at the profit-maximizing level of output.
A
Economics
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Which of the following statements is true?
A) An excess demand for credit exerts an upward pressure on the real rate of interest. B) At rates of interest below the equilibrium rate, there is an excess supply of credit. C) An excess supply of credit exerts an upward pressure on the real rate of interest. D) At rates of interest above the equilibrium rate, there is an excess demand for credit.
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"Currency appreciation" means the price of the currency is decreasing
Indicate whether the statement is true or false
Economics