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Author Question: According to the shutdown rule, a firm should produce no output in the short run if A) price is ... (Read 27 times)

wrbasek0

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According to the shutdown rule, a firm should produce no output in the short run if
 
  A) price is below minimum average total cost.
  B) price is above minimum average total cost.
  C) total revenues are lower than total fixed costs.
  D) price is below minimum average variable costs.

Question 2

The nominal interest rate is 7 and the real interest rate is 2.75. What is the inflation rate?
 
  A) 3.75
  B) 4.55
  C) 4.25
  D) 9.75



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Jossy

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Answer to Question 1

D

Answer to Question 2

C




wrbasek0

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


bigcheese9

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Reply 3 on: Yesterday
Wow, this really help

 

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