Which of the following is not a depository institution?
A) a savings & loan association
B) a mutual savings bank
C) an investment bank
D) a credit union
C
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Refer to the table above. What is the marginal rent cost if the firm decides to choose factory Very Close over factory Close?
A) -$100 B) -$200 C) $100 D) $200
If a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is $1,674 and total revenue is $2,000, its average profit is
A) $326. B) $40. C) $6.52. D) impossible to determine without additional information.
In order to convert nominal gross domestic product (GDP) to real gross domestic product (GDP), we must divide: a. real GDP by the price index
b. nominal GDP by the price index. c. the price index by nominal GDP. d. the price index by real GDP. e. nominal GDP by 100.
According to the passive approach, discretionary fiscal or monetary policy can reduce the costs of an unstable economy
a. True b. False Indicate whether the statement is true or false