The efficiency of the payments' mechanism affects
a. the speed with which money can be exchanged for other assets.
b. how quickly individual loan applications will be approved.
c. how slowly individuals deplete their cash balances.
d. the speed with which financial institutions can process checks and other funds.
d
Economics
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A factory produces 1,000 radios a year, AVC = $10 and TFC = $5,000. The factory’s TC
A. equals $15. B. equals $5,005. C. equals $15,000. D. cannot be determined from the information given.
Economics
A perfectly competitive firm’s short-run supply is infinite at the market price.
Answer the following statement true (T) or false (F)
Economics