________ is the ease with which a financial security can be exchanged for money
A) The face value B) The rate of return C) Risk D) Liquidity
D
Economics
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If the government imposes a price floor that is higher than the market clearing price, then
A) consumer surplus will increase while producer surplus will decrease. B) consumer surplus will decrease while producer surplus will increase. C) both consumer surplus and producer surplus will decrease. D) both consumer surplus and producer surplus will increase.
Economics
Total profit is maximized where
a. MR = MC. b. marginal profit is zero. c. the slope of the marginal profit curve is zero. d. All of the above are correct.
Economics