In the long run, a profit-maximizing firm in a monopolistically competitive market operates at
a. efficient scale.
b. a level of output at which average total cost is rising.
c. a level of output at which average total cost is falling.
d. the level of output at which total revenue is maximized.
c
Economics
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In an economy, 40 million people are employed, 2 million are unemployed, and 8 million are not in the labor force. What is the labor force participation rate?
A) 83 percent B) 84 percent C) 80 percent D) 87.5 percent
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Is a depreciation of the dollar/euro exchange rate correlated with a decrease in the dollar return on U.S. deposits?
What will be an ideal response?
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