At a given price level, an increase in which of the following shifts aggregate demand to the right?
a. consumption
b. investment
c. government expenditures
d. All of the above are correct.
d
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ABC Company is currently producing 450 units of output. The output is sold in a perfectly competitive market at a price of $35 . The marginal cost of the 450th unit is $38
Is ABC Company producing at the profit-maximizing level of output? Explain.
Asymmetric information problems are worse the __________ the borrowing firm, since there is __________ publicly available information about those firms
A) larger; more B) larger; less C) smaller; more D) smaller; less
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the coal mine's marginal expenditure function?
A. ME = 50Q + 10,000 B. ME = 100Q + 10,000 C. ME = 200Q + 500 D. ME = 250Q + 500
In the regression model Yi = ?0 + ?1Xi + ?2Di + ?3(Xi × Di) + ui, where X is a continuous variable and D is a binary variable, ?2
A) is the difference in means in Y between the two categories. B) indicates the difference in the intercepts of the two regressions. C) is usually positive. D) indicates the difference in the slopes of the two regressions.