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Author Question: A monopolistically competitive firm operates on the ____ of their average total cost curve, where ... (Read 36 times)

imowrer

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on: Jun 30, 2018
A monopolistically competitive firm operates on the ____ of their average total cost curve, where marginal cost is ____ average total cost.
 a. declining portion; above
  b. rising portion; above
 c. rising portion; below
 d. declining portion; below

Question 2

Assume that a British investor buys a one-year U.S. Treasury bill that pays 6 percent annual interest. Given a yield of 4 percent on a comparable British Treasury bill, the U.S. dollar must depreciate 2 percent against the British pound during the year for interest rate parity to hold.
 a. True
  b. False
  Indicate whether the statement is true or false


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shewald78

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


imowrer

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bimper21

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Reply 3 on: Yesterday
Excellent

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