No firm's total revenue could exceed its total opportunity costs if
A) all firms were price takers.
B) prices always cleared the market.
C) quantity demanded of every good equaled the quantity supplied.
D) the future were completely predictable.
E) there were no legal restrictions on entry into any industry.
D
Economics
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By taking the long position on a futures contract of $100,000 at a price of 96 you are agreeing to ________ a ________ face value security for ________
A) sell; $100,000; $96,000. B) sell; $96,000; $100,000. C) buy; $100,000; $96,000. D) buy; $96,000; $100,000.
Economics
An intertemporal budget constraint
A. requires an endowment point. B. requires time to remain constant. C. has no endowment point. D. requires time to move in a loop.
Economics