In the short run, a profit-maximizing firm will shut down if its total revenue is greater than its variable costs
Indicate whether the statement is true or false
FALSE
Economics
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Who owns the Federal Reserve System?
(A) All commercial banks in the country (B) The federal government (C) Member banks (D) All banks in the country
Economics
Economic surplus is maximized in a competitive market when
A) producers sell the quantity that consumers are willing to buy. B) demand is equal to supply. C) marginal benefit equals marginal cost. D) the deadweight loss equals the sum of consumer surplus and producer surplus.
Economics