For all firm types price equals marginal revenue, and for competitive firms price equals average revenue

a. true
b. false

Answer: b. false

Economics

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Airbus is a European jet airline producer. Indian Airlines wants to buy 23 Airbus planes from Airbus, due to increased demand for world travel. As a result

A) the demand curve for European euros and the supply curve for Indian rupees both shift rightward. B) the demand curve for European euros shifts rightward and the supply curve for Indian rupees shifts leftward. C) only the demand curve for Indian rupees shifts rightward. D) only the demand curve for European euros shifts rightward.

Economics

________________ is defined as the application of the scientific method and materials to achieve objectives. Another definition is knowledge systematically applied to useful purposes

a. History b. The 4C Concept c. Technology d. Engineering

Economics