If all my savings are invested in my consulting company, an increase in interest rates increases my implicit costs
Indicate whether the statement is true or false
T
You might also like to view...
Financial markets and financial intermediaries comprise the financial system
Indicate whether the statement is true or false
In the short run, ________
A) cost push shocks can cause firms to raise prices B) workers pushing for higher wages may lead to increases in inflation C) the aggregate supply curve may shift to the left with increases in expected inflation D) all of the above E) none of the above
If a model fits reality but doesn't generate testable predictions, it is of little value to economists
Indicate whether the statement is true or false
Suppose Sarah owns a small company that makes wedding cakes. The accompanying table shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number of Cakes Per DayTotal Cost Per Day0$1001$1802$2203$3004$4005$5206$660 If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then at her profit-maximizing level of output, Sarah will earn a ________ of ________ per day.
A. loss; $15 B. profit; $285 C. loss; $100 D. profit; $15