The smaller the quantity and quality of complementary resources used in production,
a. the greater the demand for labor
b. the greater the marginal resource cost of labor
c. the lower the marginal resource cost of labor
d. the lower the marginal productivity of labor
e. the greater the marginal productivity of labor
D
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Relative to a perfectly competitive market with the same cost and demand, a single-price monopolist produces ________ output and has a ________ price
A) more; higher B) less; lower C) more; lower D) less; higher
The Federal Reserve increases interest rates when it wants to reduce aggregate demand to fight inflation. How do increases in the interest rate reduce aggregate demand?
What will be an ideal response?
If marginal revenue equals marginal cost in the short run, the perfectly competitive firm earns zero profits
a. True b. False Indicate whether the statement is true or false
Which of the following is not a reason why the yield to maturity can differ from the current yield?
A. Because the yield to maturity considers the capital gain/loss. B. Because the current yield moves in the opposite direction from price. C. Because the current yield focuses only on the coupon payment and the purchase price. D. Because most bonds are not purchased for face value.