If price is unchanging across the firm's entire production range, then for the firm selling bagels at $0.40 each,
a. P = MR = AR
b. MR = MC = AC
c. TR = TC = 0
d. TR – TC = 0
e. AC = MC = TC
A
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Output in the short run is determined by which of the following factors when an economy operates at full employment?
A) the labor force B) supply C) the price level D) demand
In the circular flow diagram, aggregate expenditure includes the sum of
A) saving and investment. B) consumption and investment. C) consumption, investment, and saving. D) income and saving.
The marginal propensity to consume was conceived which famous economist?
a) Adam Smith b) David Ricardo c) Thomas Robert Malthus d) John Maynard Keynes e) Robert Solow
The dividend-discount model predicts that stock prices:
A. will be high when interest rates are high. B. should be high when dividends are high. C. should be high when dividends are low. D. will be higher when the growth rate of dividends is low.