A supply curve shows the ________ of producing one more unit of a good or service
A) producer surplus
B) consumer surplus
C) total benefit
D) marginal cost
E) marginal benefit to the producer
D
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Why do you think Uganda has been so successful at decreasing the prevalence of HIV/AIDS?
What will be an ideal response?
As new monopolistically competitive firms enter the market, the demand facing each firm __________, causing the price charged by each firm to __________. In the long run, each firm will earn a __________ profit
a. falls; rise; positive b. rises; fall; positive c. falls; rise; normal d. rises; fall; normal e. falls; fall; normal
The secondary mortgage market is the market
a. designated specifically for prime and other low risk mortgages. b. designated specifically for sub-prime and other high risk mortgages. c. where mortgages originated by a lender are sold to another financial institution. d. where home purchasers borrow funds from mortgage originators.
If the expected inflation rate is negative, the expected real interest rate must be
A) negative. B) less than the nominal interest rate. C) equal to the nominal interest rate. D) greater than the nominal interest rate. E) none of the above