In the above figure, curve A is the ________ curve and curve B is the ________ curve
A) total variable cost; total fixed cost
B) total cost; total fixed cost
C) total fixed cost; total variable cost
D) total cost; total variable cost
E) total variable cost; total cost
D
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Of the following, who gains with a quota?
A) domestic buyers of the good or service B) the importer of the good or service C) the foreign exporter of the good or service D) the government of the importing nation E) the government of the exporting nation
Marginal revenue is_____________
a. The total revenue gained from production b. The cost of producing an additional unit of output c. The revenue from selling an additional unit of output d. none of the above
An upward-sloping line or curve is used to illustrate:
a. a direct relationship. b. an inverse relationship. c. two unrelated variables. d. the ceteris paribus assumption.
Bank A receives a deposit of $40,000 . If the value of the money multiplier in the economy is equal to 5, the bank has to maintain a minimum reserve of: a. $10,000. b. $12,000. c. $8,000
d. $9,000.