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