Based on the table for total, marginal, and average revenue, at what whole dollar unit price is total revenue maximized?
a. $2
b. $3
c. $4
d. $5
b. $3
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Potential GDP is also referred to as
A) full-employment GDP. B) politico-economic GDP. C) realized GDP. D) balanced-budget GDP.
the government created a new tax credit to encourage businesses to build more factories
What will be an ideal response?
Which of the following events would shift money demand to the left?
a. an increase in the interest rate or an increase in the price level b. an increase in the interest rate, but not an increase in the price level c. an increase in the price level, but not an increase in the interest rate d. neither an increase in the interest rate nor an increase in the price level
What is Calvin’s opportunity cost to produce 4 yards of cloth?
a. 3/4 pound of food
b. 1 pound of food
c. 3 pounds of food
d. 4 pounds of food