Which statement is true?
A. Going out of business is a short run option.
B. Operating or shutting down are long run options.
C. Going out of business or not going out of business are long run options.
C. Going out of business or not going out of business are long run options.
Economics
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Assume Px is the price of good X on the horizontal axis and Py is the price of good Y on the vertical axis. The slope of the budget line equals:
a. Py / PxY. b. PyQy / Px Qx. c. (1 ? Py / Px). d. Px / Py.
Economics
To say that money serves as a store of value is to say that money is a useful way to store wealth for future use
a. True b. False Indicate whether the statement is true or false
Economics