The supply curve of bonds is graphed as a vertical line

Indicate whether the statement is true or false

False

Economics

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What is the marginal revenue product of labor (MRP)? What shape does the MRP curve have? Why?

What will be an ideal response?

Economics

If price is greater than average variable cost, then the firm

a. should cease production b. earns economic profits c. just breaks even d. makes an economic loss e. may make either an economic profit or loss

Economics