The _______________is the extra cost incurred when a business produces one additional unit of a resource.
Fill in the blank(s) with the appropriate word(s).
Ans: marginal cost
You might also like to view...
The original maturity on U.S. Treasury bills is between
A) three months and six months. B) one and ten years. C) six months and three years. D) ten and thirty years.
Assume that excess reserves are $35 million, demand deposits are $500 million, and total reserves are $135 million. The required reserve ratio is
A) .07. B) .2. C) .25. D) .27.
In 2010 and 2011, many observers were worried that the
a. budget would not be balanced and fiscal stimulus would be withdrawn too soon. b. budget would not be balanced and monetary stimulus would be withdrawn too soon. c. budget would be balanced and fiscal stimulus would be withdrawn too soon. d. budget would be balanced and monetary stimulus would be withdrawn too soon.
The three problems with using the consumer price index as a measure of the cost of living are
a. widely acknowledged and easy to solve. b. widely acknowledged and difficult to solve. c. nearly unacknowledged and easy to solve. d. nearly unacknowledged and difficult to solve.