In the internally generated business cycle, the explanation of why cycles occur focuses on the interaction between
a. saving and investment
b. the multiplier and accelerator
c. movements from one phase to another
d. capital stock and capital deepening
e. capital-labor ratios and capital-output ratios
B
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In the figure below, a firm that is using peak load pricing produces ________ in the peak period and produces ________ in the off-peak period.
A) 4,000; 2,000
B) 4,000; 1,000
C) 3,000; 3,000
D) None of the above answers are correct because more information is needed about the combined marginal revenue curves
In California, proposition 209 eliminated racial preferences in college admissions
Indicate whether the statement is true or false
An increase in intended investment leads to a higher equilibrium level of national income
Indicate whether the statement is true or false
At any quantity of output below the intersection of the marginal revenue and marginal cost curves:
A. MR is higher than MC. B. MC is higher than MR. C. ATC is lower than AVC. D. the firm would lose profits producing the units.