At the short-run break-even price, the firm
A) is earning positive economic profits.
B) is earning negative economic profits.
C) is making a normal rate of return on its capital investment.
D) may be earning a positive or negative profit economic depending upon costs.
C
Economics
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Describe the temporary lending facilities that the Fed set up during the Financial Crisis of 2007-2009
What will be an ideal response?
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In a mixed open economy, the equilibrium GDP is determined at that point where:
A. S a + M + T = I g + X + G. B. the 45-degree line and the saving schedule intersect. C. S a + X + G = I g + T. D. S a + I g + X = G + T.
Economics