Any firm's total revenue equals
A. MR/q.
B. P × q.
C. P/q.
D. MR × q.
Answer: B
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If the reserve ratio is 10 percent and reserves in the commercial banking system increase by $10,000, the maximum possible expansion of demand deposits is
A) $90,000. B) $1,000,000. C) $10,000. D) $100,000.
Briefly summarize the empirical literature on the long-run costs typically incurred by firms in a variety of industries. In particular, is there reason to believe that firms' long-run cost curves assume the typical U-shape? Why or why not?
What will be an ideal response?
Defining money becomes ________ difficult as the pace of financial innovation ________
A) less; quickens B) more; quickens C) more; slows D) more; stops
When the consumer price index is computed, the base year is always the first year among the years being considered
a. True b. False Indicate whether the statement is true or false