What is the lowest price at which this firm would operate in the short run and long-run in a competitive market? a. $6 in short-run and $5 in the long run at which the firm earns a positive economic profit. b. $5 in short run and $6 in long run at which firm earns a positive economic profit. c. $6 in short run and $5 in the long run at which firm earns a zero economic profit. d. $5 in short-run and $6 in long run at which firm earns a zero economic profit.

Refers to the way we conduct ourselves

What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.