In the real world, ____ factors that affect demand and supply can change at once.
a. many
b. isolated
c. no
d. psychological
a. many
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When XYZ Corporation produces 35 units of output its average variable cost is $5 . The marginal cost of the 36th unit of output is $7 . If the firm chooses to produce the 36th unit of output, what will happen to average variable cost? Explain
What will be an ideal response?
It pays the firm to produce only if total variable costs exceed total revenue
a. True b. False Indicate whether the statement is true or false
Which of the following is the correct formula for the simple spending multiplier?
a. (1-MPC)/1 b. 1/(1-MPC) c. MPS/(1-MPC) d. MPC/(1-MPS)
If real interest rates in Japan fall relative to real interest rates in the United States, the yen will likely __________ in terms of the dollar and the dollar will likely __________ in terms of the yen
A) appreciate; depreciate B) depreciate; appreciate C) remain unaffected; remain unaffected D) remain unaffected; appreciate E) remain unaffected; depreciate