The demand curve facing Company ABC is perfectly elastic. What is its marginal revenue?
a. Equal to the average revenue.
b. Less than the price.
c. Higher than the price.
d. Higher than the average revenue.
a
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Which of the following is NOT a determinant of household saving?
A) the nominal interest rate B) disposable income C) the household's wealth D) expected future income
A stock option is said to be "out of the money" if:
A) the strike price equals the exercise price. B) stock price equals the strike price. C) strike price exceeds the stock price. D) stock price exceeds the strike price.
M1 includes
A. currency, checkable accounts, traveler's checks, small CDs, and money market accounts. B. currency plus checkable accounts and traveler's checks. C. just cash held by the public. D. cash held by banks and by the public plus deposits at the Federal Reserve.
Of the following high-income countries, which has the highest life expectancy at birth?
A) Canada B) Japan C) the United Kingdom D) the United States