A monopolistically competitive firm operates on the ____ of their ...

[imowrer]

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

[shewald78]

Answer to Question 1

d

Answer to Question 2

True

[imowrer]

TYSM

[elyse44]

Excellent