When MR

a. Demand is flat
b. Demand is upright
c. Demand is elastic
d. Demand is inelastic

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d

Economics

The payoffs resulting from new investment

A) occur in the present and are known with certainty. B) occur in the future but are not known with certainty. C) depend only on current profits. D) occur in the future and are known with certainty.

As Bubba's Bubble Gum Company adds workers while using the same amount of machinery, some workers may be underutilized because they have little work to do while waiting in line to use the machinery. When this occurs, Bubba's Bubble Gum Company encounters

a. economies of scale. b. diseconomies of scale. c. increasing marginal product. d. diminishing marginal product.

Which of the following represents a tight monetary policy by the Fed?

A. The required reserve ratio increases, the discount rate increases, and the Fed buys government securities. B. The required reserve ratio increases, the discount rate increases, and the Fed sells government securities. C. The required reserve ratio increases, the discount rate decreases, and the Fed sells government securities. D. The required reserve ratio decreases, the discount rate increases, and the Fed buys government securities.

Which of the following is not a source of productivity gain?

A. Technological advance. B. Higher skills. C. Improved management. D. Economic growth.