If K = 3000, n = 0.015, and d = 0.082, then investment of ________ will hold (Y/N) constant

Every firm that has the ability to affect the price of the good or service it sells will

A) earn a short-run profit but break even in the long run. B) shut down in the short run. C) have a marginal revenue curve that lies below its demand curve. D) have a perfectly elastic demand curve.

The opportunity cost of taking a semester-long economics class is

A) the cost of tuition and fees only. B) the value of the time spent in the classroom. C) zero because there is no admission charged if you are enrolled in the course. D) equal to the highest value of an alternative use of the time and money spent on the class. E) the knowledge and enjoyment you receive from attending the class.