Explain how a business chooses to set output
What will be an ideal response?
Revenue - total costs= profit
To maximize profits, a business must identify the amount of labor that will enable the company to achieve the widest gap between revenue and costs.
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The ________ is calculated by multiplying the coupon rate times the par value of the bond
A) present value B) face value C) coupon payment D) maturity payment
If private consumption in the United States was 69 percent of GDP, investment was 18 percent, government purchases were 18 percent, exports were 9 percent, and imports were 14 percent, net exports were equal to ____ percent of GDP
a. -5 b. 5 c. -23 d. 23
The demand curve for a monopolist is:
A. perfectly elastic. B. perfectly inelastic. C. not relevant since the monopolist sets price. D. the market demand curve.
The minimum wage has never been sufficient to get a family of ________ above the poverty line.
A. one B. four C. two, three, or four D. three or four