IBM's marginal rate of return on investment curve equals its
a. supply of loanable funds curve
b. supply of investment curve
c. marginal revenue product curve
d. marginal revenue cost curve
e. investment demand curve
E
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The table above shows a production possibilities frontier for an economy. If the economy tried to produce a combination of 250 loaves of bread and 800 books,
A) there is some unemployment. B) it cannot produce this combination because it lacks enough resources or technology. C) it is enjoying a free lunch. D) the tradeoff between bread and books is inefficient. E) there is full employment.
The U.S. tax system
A) reduces inequality and shifts the Lorenz curve away from the line of equality. B) reduces inequality and shifts the Lorenz curve toward the line of equality. C) increases inequality and shifts the Lorenz curve toward the line of equality. D) increases inequality and shifts the Lorenz curve away from the line of equality.
A bowed production possibilities curve is consistent with
A) an unchanged opportunity cost. B) a technologically inefficient society. C) the underutilization of productive resources. D) highly specialized resources.
The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.
In the graph shown, the marginal cost curve is represented by which curve?
A. I B. II C. III D. IV