The demand curve for the shares of a company's stock slopes upward, since the higher the price of the stock, everything else remaining the same, the higher the quantity of stock demanded
a. True
b. False
Indicate whether the statement is true or false
False
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According to the principle of diminishing returns, if the number of workers is increased beyond the point of diminishing returns, then the additional worker
A) increases total output by more than the amount of previous workers. B) increases total output by the same amount as previous workers. C) decreases total output. D) increases total output by less than the amount of previous workers.
All of the following issues were discussed as options for reforming the international financial architecture EXCEPT
A) how high an interest rate the lender of last resort should charge when it makes loans. B) the length of the payback period. C) the size of the loans. D) the moral hazard problem associated with a lender of last resort. E) if the lender of last resort (i.e., the IMF) should consult and collaborate with other international institutions such as the United Nations and the WTO.
What is marginal factor cost? How is it related to the supply curve of an input?
What will be an ideal response?
Marginal utility is measured by:
a. a ray from the origin to a point on the total utility curve. b. the change in total utility for a 1-unit change in the quantity consumed. c. total utility divided by total quantity consumed. d. the first utility minus the last utility. e. average utility multiplied by the total quantity consumed.