Assume a firm is facing the following situation: At Q = 1,000, P = $10, MC = $10, ATC = $18, and AVC = $16. This firm should shut down and, in so doing, limit its losses to $2,000

Indicate whether the statement is true or false

TRUE

Economics

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The gravity model offers a logical explanation for the fact that

A) trade between Asia and the U.S. has grown faster than NAFTA trade. B) trade in services has grown faster than trade in goods. C) trade in manufactures has grown faster than in agricultural products. D) Intra-European Union trade exceeds international trade by the European Union. E) the U.S. trades more with Western Europe than it does with Canada.

Economics

All of the following are examples of anthropogenic pollutants EXCEPT

a. lead b. carbon monoxide c. pollen d. sulfur dioxide

Economics