Marginal revenue at the profit-maximizing/loss-minimizing amount is
A. $5.
B. $6.
C. $7.
D. $8.
B. $6.
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Marginal physical product can tell a producer
A. at what point to stop adding inputs to the production process. B. how much profit will be made at each level of production. C. how much the last input added to the total amount of revenue. D. how much the last input added to the total amount of production.
An optimal corrective tax should be placed on _____
a. the sellers of the externality-generating activity b. the inputs into the externality-generating activity c. the externality-generating activity d. the purchasers of the output of the externality-generating activity
Julie is in the 28 percent tax bracket. She earns an 8 percent rate of return after taxes on a tax-free municipal bond. What will the after-tax rate of return be on a taxable bond (with equal risk)?
A. 36 percent B. 28 percent C. 14 percent D. 8 percent
The gross domestic product of a nation measures:
a. the amount of goods and services exported by the nation. b. the amount of goods and services imported by the nation. c. total expenditures by the nation's government d. the size of the nation's economy.