The opportunity cost of production differs from an accounting definition of a firm's costs because it includes
a. expenditures the firm undertakes for research and development.
b. the opportunity cost of assets and financial resources owned by the firm.
c. the direct monetary cost of purchasing resources.
d. the firm's revenue as a cost.
B
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Between 2003 and 2008, the actual federal funds rate
A) tended to be lower than the rates predicted by the Taylor rule. B) tended to higher than the rates predicted by the Taylor rule. C) followed closely the rates predicted by the Taylor rule. D) moved in directions opposite to the rates predicted by the Taylor rule.
A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit
a. True b. False Indicate whether the statement is true or false
Which of the following is part of the secondary market for stocks?
A) New York Stock Exchange B) the over-the-counter market C) NASDAQ D) all of these
The multiple by which total deposits can increase for every dollar increase in reserves is the
A. deposit insurance limit. B. required reserve ratio. C. money multiplier. D. bank's line of credit.