The change in total revenues resulting from a change in output of one unit is
A) average revenue.
B) marginal revenue.
C) quantity revenue.
D) price revenue.
B
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If you have $10,000 to start a lawn-cutting business, the interest rate is 4 percent, your cost of equipment is $3,000, and the earnings you sacrifice from working at another job are $32,000, your yearly cost of doing business would be
A) $13,000. B) $13,400. C) $35,400. D) $45,000.
A person is dynamically consistent if:
A. his preferences over the alternatives available at some future date change as the date approaches. B. his preferences over the alternatives available at some future date do not change as the date approaches. C. he does not always want to follow through on his plans and intentions. D. he has complete self-control with occasional lapses.
A formula for determining how much a bank can extend loans through the creation of check able deposits is
a. excess reserves/the reserve requirement. b. excess reserves ? the reserve requirement. c. excess reserves + the reserve requirement. d. reserve requirement/excess reserves.
How did the vulnerabilities in Asian economies lead to the Asian financial crisis of 1997-1998
What will be an ideal response?