How are the marginal revenue product (MRP) curve and the demand curve for capital related?
a. MRP slopes downward, forcing demand to rise.
b. The MRP and demand curves are the same.
c. MRP slopes downward, pushing demand toward equilibrium.
d. MRP crosses the demand curve at its lowest point.
b. The MRP and demand curves are the same.
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Marginal benefit refers to the additional benefit that your activity provides to you
Indicate whether the statement is true or false
The trade-off of saving the spotted owls in the Pacific Northwest was
A) the loss of salmon in the region. B) the increase in the number of marbled murrelets. C) the loss of logging activities by lumber companies. D) none.
The debt-to-GDP ratio is higher,
A) the lower the real interest rate. B) the lower is the ratio of the primary deficit to GDP. C) the higher is the growth rate of output. D) all of the above E) none of the above
Refer to Figure 7.2. If Happy Times Theater charges one price to day customers and another price to night customers, then its total profit on the sale of tickets will
A. stay the same. B. vary according to the slope of marginal revenue curve. C. increase. D. decrease.