At any given quantity, the willingness to pay of the marginal buyer is the height of the __________
Fill in the blank(s) with correct word
demand curve
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Spending by businesses on things such as machines and buildings which can be used to produce goods and services in the future is
A) investment. B) savings. C) consumption. D) consumption goods.
Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the
A) demand for Dell computers increases. B) demand for Apple computers increases. C) demand for Apple computers decreases. D) supply of Dell computers increases. E) demand for Dell computers decreases.
A slope is measured as the
A) value of the variable measured on the y-axis divided by the value of the variable measured on the x-axis. B) value of the variable measured on the x-axis divided by the value of the variable measured on the y-axis. C) change in the value of variable on the y-axis divided by the change in the value of the variable on the x-axis. D) value of the variable measured on the y-axis minus the value of the variable measured on the x-axis. E) value of the variable measured on the x-axis minus the value of the variable measured on the y-axis.
When the financial institution is hedging interest-rate risk on its overall portfolio, then the hedge is a
A) macro hedge. B) micro hedge. C) cross hedge. D) futures hedge.