The new $20 bills are being introduced by the U.S. Treasury primarily to diminish

When revenue is less than total cost but more than variable cost it implies that:

a. the firm is enjoying positive economic profits. b. the firm is earning normal profits. c. the firm can cover its variable cost and a part of its fixed costs. d. the firm is unable to cover its costs and should shut down. e. the firm is able to cover both its fixed and variable costs.

As the price level falls,

A) the purchasing power of cash holdings rises. B) the purchasing power of cash holdings falls. C) the purchasing power of cash holdings remains constant. D) cash holdings turn into dollar-denominated assets. E) none of the above