If MR>MC, then when an additional unit is sold, the firm's
A. profit will decrease.
B. profit will be positive.
C. profit will be negative.
D. profit will increase.
Answer: D
You might also like to view...
The production possibilities curve tells us that if full employment exists and a nation wishes to permanently increase its production of military goods, it must
A. also increase its production of nonmilitary goods. B. reduce its output of nonmilitary goods. C. suffer inflation. D. suffer unemployment.
A rightward shift of the short-run aggregate-supply curve results in a more favorable trade-off between inflation and unemployment
a. True b. False Indicate whether the statement is true or false
Suppose a policy intervention is correlated not just with level differences among units but is also correlated with trend differences. Which of the following analysis would be the most appropriate?
A. Fixed effects B. First-differenced C. Heterogenous trend D. Random effects.
The purchasing power parity theory is useful in making ____ predictions about exchange rates and their fluctuations.
A. long-run B. intermediate-run C. medium-run D. short-run