The Clean Water State Revolving Fund (CWSRF) in 1987, a low-interest loan program intended for states replaced the Construction Grants program. True

False

The simple interest in a loan of $200 at 10 percent interest per year is

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Afarmer is an example of what kind of producer?