A perfectly competitive firm's supply curve is its
A) marginal cost curve above its minimum average fixed cost.
B) marginal cost curve above its minimum average total cost.
C) marginal cost curve.
D) marginal cost curve above its minimum average variable cost.
D
Economics
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In addition to insuring accounts, the FDIC today has the additional power of
A) establishing the discount rate. B) establishing FOMC goals. C) establishing higher capital requirements for banks. D) setting reserve requirements.
Economics
A one-year Treasury bill with a face value of $1,000 and an annual yield of 5 percent sells for approximately
A) $1,005. B) $995. C) $952. D) $948.
Economics