Both the standard of living and the growth of real GDP per person vary widely across countries
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is $1,674 and total revenue is $2,000, its average profit is
A) $326. B) $40. C) $6.52. D) impossible to determine without additional information.
Economics
M3 is an example of a Federal Reserve
A) directive. B) tool. C) intermediate target. D) operating target.
Economics