Every cost-minimizing producer is profit-maximizing.
Answer the following statement true (T) or false (F)
False
Rationale: Just because someone is producing an output level at the lowest possible cost does not mean she is producing the profit maximizing quantity.
Economics
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Empirical evidence indicates that security returns have
A) greater probability of exceeding expected value yields. B) greater probability of yielding below expected value returns. C) a symmetrical probability distribution. D) a probability distribution that cannot be measured.
Economics
Autonomous planned spending is a function of the
A) marginal propensity to consume. B) marginal propensity to save. C) interest rate. D) tax rate.
Economics