According to the shutdown rule, a firm should produce no output ...

[wrbasek0]

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

[Jossy]

Answer to Question 1

D

Answer to Question 2

C

[wrbasek0]

Thanks for the timely response, appreciate it

[bdobbins]

YES! Correct, THANKS for helping me on my review