Refer to the above graph of a representative firm in monopolistic competition. What does line 4 represent?
A. Average total cost
B. Marginal revenue
C. Demand
D. Marginal cost
Answer: B
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The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The level of bank deposits will be
A) $333 billion. B) $100 billion. C) $250 billion. D) $200 billion.
The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good
a. True b. False Indicate whether the statement is true or false
The Depository Institutions Deregulation and Monetary Control Act of 1980 did not
a. require all commercial banks to join the Federal Reserve System. b. expand the use of Fed services to nonmember banks. c. increase FDIC and FSLIC insurance coverage. d. expand the availability of checking accounts.
The price of a bond with a maturity date one time period into the future is equal to its face value
a. multiplier by 1 - r. b. multiplied by 1 + r. c. divided by 1 + r. d. divided by 1 - r.