The CPI was 238 in one year and 244 the following year. How much did prices rise between these two years?
A) 2.46 percent
B) 5.50 percent
C) 2.52 percent
D) 0.03 percent
C
Economics
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Firms that face downward-sloping demand curves for their output are called
a. perfectly competitive b. price takers c. price searchers d. resource price takers e. resource price searchers
Economics
For most firms, the costs of energy and raw materials will be total fixed costs
a. True b. False Indicate whether the statement is true or false
Economics