A monopolistically competitive firm shuts down in the short run if ________
A) marginal revenue equals marginal cost
B) total revenues do not cover variable costs
C) marginal revenue covers average fixed costs
D) average total cost exceeds price
B
Economics
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A dining table costs $3,000 in New York and the same table costs 5,000 euros in Rome. Thus, $1 is equal to:
a. one euro. b. 2 euros. c. 1.67 euros. d. 0.6 euros.
Economics
The graph of a direct relationship will have a positive slope
a. True b. False Indicate whether the statement is true or false
Economics