Fighting alongside the British in the Revolution, the ___________ lost much of their land and position in America after the War

If price is greater than average variable cost, a profit maximizing firm will always

A. where Total Revenue is maximized. B. produce where Average Total Cost is minimized. C. produce where Marginal Cost equals Marginal Revenue. D. produce where Marginal Cost is minimized.

Since 1970, the U.S. economy has experienced 2 periods of high inflation.

Answer the following statement true (T) or false (F)