Appreciation of the Japanese Yen would lead to
a. outward shift in the aggregate supply curve for Japan.
b. upward shift in the aggregate demand curve for Japan.
c. downward shift in the aggregate supply curve for Japan.
d. downward shift in the aggregate demand curve for Japan.
d
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Which of the following would be considered an implicit cost of operating a business?
A) interest payments on a loan B) Social Security contributions for employees C) the resale value of delivery vans the company owns and uses for its deliveries D) shipping expenses
In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as:
a. variable margin per unit b. variable cost ratio c. contribution margin per unit d. target margin per unit e. none of the above
Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A. no more often than once per month. B. within a one-hour period during each day. C. once a year. D. no more often than once per week.
Labor is a firm's only variable input. The firm should hire additional units of labor as long as the wage is less than or equal to the marginal revenue product of that additional unit of labor.
Answer the following statement true (T) or false (F)