The ________ that a firm takes in when it increases output by one additional unit is marginal revenue.
A. total revenue
B. extra resources
C. additional labor
D. added revenue
Answer: D
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While the Brady Plan did not end the debt crisis, it was a significant step toward greater stability in the Latin American region
Indicate whether the statement is true or false
If the government requires a natural monopoly to price at marginal cost:
a. monopoly firms will earn zero economic profits because the price of the good equals the cost of producing that good. b. monopoly firms will operate at a loss because P < AC. c. more firms will be able to enter the market. d. producer surplus will increase because quantity supplied is greater.
There is no longer much debate among economists concerning the severity of and the solution to the problems in using the CPI to measure the cost of living
a. True b. False Indicate whether the statement is true or false
If the MPC = 0.90, the total change in spending resulting from an initial $200 increase in aggregate spending will be
A. $200. B. $2,000. C. $180. D. $1,800.