Economic globalization has seen ________
A) business cycles in the rest of the world synchronize with those of the U.S.
B) financial markets become more integrated over time
C) financial disruptions spread more easily among countries
D) all of the above
E) none of the above
D
Economics
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The balancing of marginal costs and marginal benefits to obtain an efficient outcome is known as the equimarginal principle.
a. true b. false
Economics
A firm reaches a break-even point (normal profit position) where:
A. marginal revenue cuts the horizontal axis. B. marginal cost intersects the average variable cost curve. C. total revenue equals total variable cost. D. total revenue and total cost are equal.
Economics