Answer:
what ones there's only the question not the answers
I believe the answer is a certification program. Hope it's right! :)
Answer:
The correct answer is option
Explanation:
A firm operating in a perfectly competitive market is producing 800 units. The marginal cost is $3.50. The minimum average variable cost is $3. The market price is $4.
The firm will be able to maximize its profit at the point where the price of the product is equal to marginal cost and is able to cover the average variable cost of the product.
This firm should thus increase its production to more than 800 units till the marginal cost is equal to the price which is $4.
Full sentence is:
Traditional monetarists advocate for a rule for money supply growth, while market monetarists argue that monetary policy should focus on a nominal GDP target .
Explanation:
Monetarism is based on the idea that an increase in the money supply, that is, the total cash and checks circulating in the economy, will increase production in the short term and inflation in the long term.
Monetarism states that while the monetary authorities (central bank or others) have control of the nominal offer, people base their decisions on the amount of real money they wish to obtain / maintain.
