How much is the MPC?
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Which of the following is not a characteristic of long-run equilibrium in a monopolistically competitive market?
A) Production is at minimum average total cost. B) Marginal revenue equals marginal cost. C) Selling price equals average total cost. D) Selling price is greater than marginal cost.
The World Bank has extended loans to the government of a developing country to finance construction of a canal with a certain future flow of earmings Now, however, the government has decided to redirect those funds to build a casino that may or may not generate suficient profits to allow the government to repay the loan This situation is an example of
a. Systemic Risk b. Moral Hazard c. Adverse Selection d. Asymmetric Information e. Principle Agent Problem
All of the following costs will vary depending on the geographic location of a firm's plant except which one?
A) land prices B) U.S. corporate taxes C) wages D) local taxes
Which of the following is an example of consumption?
a. Fender Corp. buys a new robot for its automobile factory. b. Karabo buys cheese at a store for her dinner. c. Joe’ s Hardware buys a new cash register. d. Cook County buys a new printer for office use.