In the diagram, (1) is the:
A. expected-rate-of-return curve and (2) is the average total cost curve.
B. total revenue curve and (2) is the interest-rate cost-of funds-curve.
C. expected-rate-of-return curve and (2) is the interest-rate cost-of-funds curve.
D. marginal cost curve and (2) is the marginal benefit curve.
C. expected-rate-of-return curve and (2) is the interest-rate cost-of-funds curve.
You might also like to view...
To close an expansionary gap, the Fed ________ interest rates which ________ aggregate spending and ________ short-run equilibrium output.
A. raises; decreases; increases B. raises; decreases; decreases C. raises; increases; increases D. reduces; increases; decreases
If Katherine claims that when it comes to buying shoes, "price is no object," her demand curve for shoes is likely to be
a. horizontal b. nonexistent c. upward sloping d. highly inelastic e. unit elastic
Estate taxes are paid by the heirs of an estate when the estate is valued over a certain amount
a. True b. False Indicate whether the statement is true or false
One reason that college graduates earn higher wages than non-graduates is because:
A. college graduation serves as a signal of the individual's productivity. B. there are no additional skills learned in college that increase productivity. C. college graduates are always less intelligent than non-college graduates. D. college graduates are less equipped to deal with technological change, as their skills are technology-specific.