Marginal revenue is the change in:
a. total revenue resulting from a one unit change in output.
b. total revenue resulting from a change in marginal cost.
c. price resulting from a one unit change in output.
d. none of these.
a
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An increase in quantity demanded is caused by
A) an increase in income. B) a decrease in the price of the good. C) a decrease in the price of a complement. D) a change in expectations about price in the future.
When the Fed raises the required reserve ratio, then the:
a. ability of banks to make loans is restricted. b. ability of banks to make loans is enhanced. c. ability of banks to make loans is unaffected. d. interest rate that banks pay to the Fed to borrow money is increased. e. interest rate that banks pay to other banks to borrow money is increased.
Increased household spending reduces aggregate expenditures
a. True b. False Indicate whether the statement is true or false
Payments for capital include investment and profit.
Answer the following statement true (T) or false (F)