A firm ________ in the short-run has an incentive to expand its long-run scale of operation.
A. breaking even
B. earning positive profits
C. making a loss
D. that shuts down
Answer: B
Economics
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At the competitive market outcome in the above figure, the
A) producer surplus is equal to $480 million. B) total producer surplus from turkey sales is zero. C) sum of consumer and producer surpluses from turkey is $640 million. D) All of the above answers are correct.
Economics
Which of the following is included in the M1 definition of money?
A. Reserves B. Checking accounts C. Savings and money market accounts D. Time deposits
Economics