A firm may find it optimal to stay in business in the short run even if total revenue does not cover total cost

a. True
b. False

A

Economics

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Suppose Good A is a normal good. Which of the following will increase the demand for Good A?

A) an increase in the price of its substitutes B) a lower expected future relative price of A C) an increase in the price of its complements D) a decrease in income

Economics

What does the supply curve for Mexican pesos tell us?

a. The number of pesos people will want to sell at each different exchange rate b. The number of pesos people will want to sell at each level of output c. The number of pesos people will want to buy at each different exchange rate d. The number of pesos people will want to buy in each different time period e. The number of pesos people will want to sell at each different interest rate.

Economics