Firms use incentives to pursue their most fundamental goal, which is to maximize
A) profits.
B) sales revenue.
C) worker satisfaction.
D) worker pay.
A
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Which of the following statements is correct?
A. When marginal utility is positive, an increase in the quantity consumed will increase total utility. B. When marginal utility is zero, an increase in the quantity consumed will make total utility zero. C. When marginal utility is decreasing, an increase in the quantity consumed will decrease total utility. D. When marginal utility is positive, an increase in the quantity consumed will decrease total utility.
Total surplus = Value to buyers - Costs to sellers
a. True b. False Indicate whether the statement is true or false
Suppose a government that taxed all interest income changed its tax law so that the first $5,000 of a taxpayer's interest income was tax free. This would shift the
a. supply of loanable funds to the right, causing interest rates to fall. b. supply of loanable funds to the left, causing interest rates to rise. c. demand for loanable funds to the right, causing interest rates to rise. d. demand for loanable funds to the left, causing interest rates to fall.
According to supply-side theory, which of the following would shift the aggregate supply curve leftward?
A. Lower marginal tax rates. B. An increase in the money supply. C. Government deregulation. D. An increase in unemployment and welfare benefits.