If the market price is above a firm's average cost at the quantity produced
A) the firm operates and makes a profit.
B) the firm operates and make zero economic profit.
C) the market price of the firm's inputs will rise.
D) total profit is maximized.
A
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Explain the effect on the demand for dollars in the foreign exchange market of an increase in the U.S. interest rate differential
What will be an ideal response?
If a country faces action under Section 301 of the U.S. Trade Act of 1974, it means that the country has
A) exceeded average import growth by more than 301 percent. B) exceeded average export growth by more than 301 percent. C) tariffs that are above 301 percent. D) been charged by the United States with systematically engaging in unfair trade practices. E) been charged by the WTO with violating its trade obligations.