At an output of one, variable cost is the same as __________.
Fill in the blank(s) with the appropriate word(s).
marginal cost
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In the short run, a price increase in the goods and services market measured by the CPI will: a. increase the purchasing power of money
b. improve producer profits and, thereby, induce suppliers to expand output. c. increase resource prices, lower profits, and lead to a decline in output. d. reduce the natural rate of unemployment.
Increases in aggregate demand
A. lead to increases in real interest and unemployment rates if there is considerable excess capacity in the economy. B. result only in inflation when the economy operates at its maximum productive capacity. C. may be caused by ever-greater downward pressures on prices and wages if reserve requirements are raised. D. may be caused by an increase in taxes. E. increase both inflation and the unemployment rates.
If demand is elastic, then when price rises, total revenue will decrease.
Answer the following statement true (T) or false (F)
If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58% B) 2.56% C) 7.69% D) 7.74%