If the company plans to produce 9 machines, which technology should the firm choose?
a. The low-marginal-cost technology
b. The high-marginal-cost technology
c. Either technology because they are equally cost efficient
d. Need more information
a
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Use the classical (RBC) IS—LM—FE model to show the effects on the economy of a temporary beneficial supply shock; for example, a decrease in the price of oil
You should show the impact on the real wage, employment, output, the real interest rate, consumption, investment, and the price level.
_____ are the primary population group with poverty-level incomes in the USA
a. Single-income households b. Households headed by males c. College graduates d. People who do not have high school education e. Retired individuals
The decrease in investment that occurred as a result of banks being unwilling to lend to businesses after the collapse of the housing bubble caused aggregate:
A. demand to increase. B. demand to decrease. C. supply to increase. D. supply to decrease.
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the third candy bar is
A) 25 utils. B) 20 utils. C) 5 utils. D) unknown as more information is needed to determine the answer.