Total revenue minus both explicit and implicit costs
a. gross earnings.
b. marginal earnings.
c. profit.
d. net worth.
c. profit.
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For a given aggregate supply curve, an increase in aggregate demand will: a. decrease the real interest rate
b. increase real GDP. c. decrease the price level. d. increase the real exchange rate. e. decrease real GDP.
If Electro is a retailer of ductile iron pipes manufactured by Steelfact Corporation, an agreement between these two companies will be called a horizontal agreement
Indicate whether the statement is true or false
Which of the following countries is lacking an abundance of natural resources?
a. Australia b. Japan c. Brazil d. United States
Which of the following events would reduce the size of the "real-world" money multiplier?
A. Banks hold more excess reserves. B. Households hold less currency. C. The Fed increases the discount rate. D. The Fed reduces the required reserve ratio.