A firm is making zero economic profits. From this, we know that
A) the firm is going to go out of business.
B) implicit costs are zero.
C) the firm is going to stay in business, but will not be able to attract new financial capital.
D) the firm will stay in business since it is covering all relevant opportunity costs.
D
Economics
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Suppose the marginal propensity to consume in an economy is 0.9. What would be the Keynesian multiplier in this economy?
Select one: a. 0.1 b. 2 c. 5 d. 10
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The minimum wage may cause businesses to hire fewer workers, and this results in structural unemployment
Indicate whether the statement is true or false
Economics