Marginal revenue is the
A. added revenue that a firm takes in when it increases output by one additional unit.
B. additional profit the firm earns when it sells an additional unit of output.
C. difference between total revenue and total costs.
D. ratio of total revenue to quantity.
Answer: A
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Taylor has the following assets and liabilities:Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000What is Taylor's wealth?
A. $111,000 B. $105,000 C. $107,000 D. $419,000
When the coupon rate on newly issued bonds increases relative to older, outstanding bonds, what happens?
A) The market price of the older bond falls in the secondary market. B) The market price of the older bond rises in the secondary market. C) Older bonds will sell for more than their face value. D) Older bonds can still be sold at their face value.
In the graph above, what do the dotted lines represent?
A) transaction and opportunity costs B) the boundaries of profitability for arbitrage C) the risk premium associated with the countries D) the variability in spot rate expectations
A chain-weighted index:
A. is used to understate the rate of inflation. B. uses neighboring years' data to calculate changes in nominal GDP. C. calculates changes in prices by using an average of base years from neighboring years to obtain a more accurate measure of real GDP growth. D. is a useful tool for determining which fence to purchase.