When will a profit-maximizing firm shut down?
a. when ATC x q is more than VC
b. when ATC x q is less than VC
c. when P x q is more than VC
d. when P x q is less than VC
d. when P x q is less than VC
Economics
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Firms in monopolistic competition make products that are
A) perfect complements. B) close but not perfect complements. C) perfect substitutes. D) close but not perfect substitutes.
Economics
The Federal Reserve System consists of which of the following?
A. Federal Deposit Insurance Corporation and Controller of the Currency. B. Board of Governors and the 12 Federal Reserve Banks. C. U.S. Treasury Department and Bureau of Engraving and Printing. D. Federal Open Market Committee and Office of Thrift Supervision.
Economics