Marginal profit is the additional profit that accrues to the firm when the output rises by one unit.
Answer the following statement true (T) or false (F)
True
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________ is the ease with which a financial security can be exchanged for money
A) The face value B) The rate of return C) Risk D) Liquidity
If the economy were left on its own without the interference of government or the Fed, it would move toward an equilibrium rate of growth that would produce, with only minor interruptions, full employment without inflation. What school supports this view?
a. Classical. b. Keynesian. c. Monetarism. d. Supply-side. e. Neo-Keynesian.
Refer to the diagram, which pertains to a purely competitive firm. Curve A represents:
A. total revenue and marginal revenue.
B. marginal revenue only.
C. total revenue and average revenue.
D. total revenue only.
Table 14.1Monetary Aggregates of the U.S. Financial SystemItemAmountCash held by public$250 billionTransactions deposits$1,000 billionRequired reserves$150 billionExcess reserves$0 billionU.S. bonds held by public$1,000 billionAssume an original balance sheet: On the basis of the information in Table 14.1, the required reserve ratio is
A. 10.0 percent. B. 15.0 percent. C. 6.5 percent. D. 20.0 percent.