If the current margin is greater than the desired margin, the firm should
a. Increase price
b. Decrease price
c. Not change the price
d. Marginal revenue and marginal cost are both zero
b
Economics
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Raiman's Shoe Repair also produces custom-made shoes. When Mr. Raiman produces 12 pair a week, the MC of the twelfth pair is $64, and the MR of that unit is $70 . What would you advise Mr. Raiman to do?
a. shut down b. produce more custom-made shoes c. stay at 12 pairs a week d. produce fewer custom-made shoes e. decrease price
Economics
The real rate of return on holding cash ________ inflation is correctly anticipated.
A. is higher when B. equals the nominal interest rate when C. is lower when D. does not depend on whether
Economics