M3 is an example of a Federal Reserve
A) directive.
B) tool.
C) intermediate target.
D) operating target.
C
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How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue and marginal costs?
A. The profit-maximizing level of output will be where marginal cost is greatest over marginal revenue B. The profit-maximizing level of output will be where marginal revenue is greatest over marginal cost C. The profit-maximizing level of output will be where marginal revenue intersects marginal cost D. Cannot be determined
If Jason's fixed cost totals $800 with variable cost per unit of $10 at a quantity of 100 units, what would his average total cost equal?
a. $8.10 b. $18.00 c. $90.00 d. $91.00
Equilibrium tells us nothing about satisfaction or the general state of the economy
Indicate whether the statement is true or false
When a country allows trade and becomes an importer of a good,
a. both domestic producers and domestic consumers become better off. b. domestic producers become better off, and domestic consumers become worse off. c. domestic producers become worse off, and domestic consumers become better off. d. both domestic producers and domestic consumers become worse off.