Which of the following is the best way to describe equilibrium in a market? At equilibrium, the
A) price is the lowest possible.
B) price is usually affordable to most people.
C) supply and demand curves can never shift again.
D) quantity supplied equals the quantity demanded.
D
Economics
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For the monopoly shown in the figure above, when it maximizes its profit the marginal cost is ________ per unit and the price is ________ per unit
A) $10; $30 B) $20; $20 C) $10; $20 D) $30; $20.
Economics
Investment spending is procyclical. In the short run, are changes in investment affected more by changes in the expected marginal product of capital, or by changes in the user cost of capital?
What will be an ideal response?
Economics