Of the following resources, which one is the world most likely to run out of?

If the real interest rate is equal to the nominal interest rate in an economy:

A) inflation must be negative in the economy. B) inflation must be zero in the economy. C) inflation must be positive in the economy. D) the nominal interest rate must be zero.

A firm suffers an economic loss whenever

a. price exceeds average total cost b. price is less than average total cost c. total revenue exceeds variable cost d. marginal cost is greater than marginal revenue e. marginal cost exceeds average cost