If an increase in price results in no change in total revenue, then demand must be
A) inelastic.
B) elastic.
C) unit elastic.
D) infinitely elastic.
C
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When a firm increases its capital usage
a. the total product curve can be expected to fall. b. the total product curve can be expected to rise. c. the marginal product of labor always rises. d. the marginal product of labor always falls
What is the yield to maturity of a consol with a coupon of $85 and a price of $944.44?
A) 5.56% B) 8.50% C) 9.00% D) Not enough information has been provided to determine the answer.
As firms exit a monopolistically competitive market, profits of existing firms ____ and product diversity in the market ____
a. decline; decreases b. rise; decreases c. rise; increases d. decline; increases
Why might economic policies aimed at stabilization actually increase the magnitudes of economic fluctuations?
What will be an ideal response?