If investment is larger than depreciation, the capital stock decreases.
Answer the following statement true (T) or false (F)
False
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For a single-price monopolist that is maximizing profit, the price is
A) less than marginal revenue. B) equal to marginal revenue. C) equal to marginal cost. D) greater than marginal cost.
When two variables repeatedly change at the same time, there must be a causal relationship between them
a. True b. False Indicate whether the statement is true or false
Market failure can be caused by
a. too much competition. b. externalities. c. low consumer demand. d. scarcity.
In the calculation of aggregate income, the value added at each stage of production by each firm equals the firm's:
a. selling price minus payments for inputs. b. total costs minus the profits and interest payments. c. total fixed costs and the firm's average rate of return. d. appreciation in market value of all firms over the last year.