The pricing rule MR=MC holds for

a. All firms
b. Single product firms
c. Multiple product firms
d. None of the above

b

Economics

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If households choose to take some fraction of each check they deposit and hold it as currency, then the simple deposit multiplier ________ the real-world multiplier

A) is equal to B) is greater than C) bears no relationship to D) is less than

Economics

If Switzerland chooses to engage in trade, it

a. will only benefit if it trades with countries that produce goods Switzerland cannot produce. b. cannot benefit if it trades with less developed countries. c. should first attempt to produce the good itself. d. can benefit by trading with any other country.

Economics