A depository institution receives deposits from lenders and makes loans to borrowers
Indicate whether the statement is true or false
TRUE
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"It is clear from the theory of monopolistic competition that product development is not pushed to its efficient level." This statement is
A) false because there is so much product differentiation in monopolistic competition. B) true because there is little incentive to innovate in monopolistic competition. C) false because there are so many wasteful innovations in monopolistic competition that are merely cosmetic. D) true because price exceeds marginal revenue in monopolistic competition.
Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18. If the average total cost at this output is $16.55, then its total profit is
A) $1,188. B) $1,092.30. C) $95.70. D) $1.45.
A utilities company in the Netherlands buys wind generators made by a U.S. company. It pays from them with previously obtained dollars. By itself, this exchange
a. increases both U.S. net exports and U.S. net capital outflow. b. decreases both U.S. net exports and U.S. net capital outflow. c. increases U.S. net exports and does not affect U.S. net capital outflow. d. None of the above is correct.
At what level of output does marginal cost equal marginal revenue?No. units producedTotal RevenueTotal Costs000101204020200100302701704031026050330370
A. 30 B. 20 C. 10 D. 40