Marginal cost is
a. the increase in total cost per additional unit of output.
b. the increase in total cost per additional unit of input.
c. the decrease in total cost from producing one less unit.
d. both the increase in total cost per additional unit of output and the decrease in total cost from producing one less unit.
d. both the increase in total cost per additional unit of output and the decrease in total cost from producing one less unit.
You might also like to view...
Lucy can bake 200 cookies in an hour or watch her favorite tv show. If she chooses to watch her show, the cookies are an example of
a. Unlimited resources b. Limited wants c. Opportunity cost d. None of the above
Are outstanding credit card balances counted as part of the money supply?
A. Yes; they are used to purchase things, and therefore, they are included in the money supply figures. B. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. C. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100. D. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.
If in the third quarter of 2016 total investment spending was $4,768 billion and depreciation was $3,292 billion, then the amount counted in GDP, which is known as gross investment, would be:
A. $1,476 billion. B. $3,292 billion. C. $4,768 billion. D. $8,060 billion.
What is meant by the term secularization? How did mortgage-backed securities spread losses during the mortgage default crisis?
What will be an ideal response?