False [10 points] Indicate whether the statement is true or false. Each question
ID: 1217805 • Letter: F
Question
False [10 points] Indicate whether the statement is true or false. Each question is worth 2 When average total cost is above marginal points T cost, average total cost is ri 2. For a monopoly, marginal revenue is often greater than the T 3. A price ceiling set below the equilibrium price charges for its it price is nonbinding good 4. If we observe that when consumers' incomes rise b 10% the 5% then ice cream is an inferior good quantity when price demanded ice is greater of cream than average total cost, increasesby some firms a competitive in market wi T 5. In the long run, to enter the market. Multiple Choice [60 points] Identify the choice that best completes the statement or answers the question. Each question is 2 points a 6. The interest rate set for a bond worth (a, Coupon rate. at the time of issuance is the b. Par value c. Liquidity rate. d. Default rate. b 7. A decrease in input costs to firms in a market will result in a(n) a. increase in equilibrium price and a decrease in equilibrium quantity b) increase in equilibrium price and an increase in equilibrium quantity C. decrease in equilibrium price and an increase in equilibrium quantity. d. decrease in equilibrium price and a decrease in equilibrium quantity -d 8. Which of the following is true if investors expect greater future profits from a company? b. The demand for the company's bonds decreases The price for the company's bonds decreases The yield on the bonds decreases. The par value of the company's bonds decreases.Explanation / Answer
False. It is falling False. It is less False. It is binding False. It is a normal good and demand of inferior good decreases with rise in income True, They enter for profit motive a coupon rate c. A decrease in input cost increases supply but price falls d
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