Other things constant, which of the following would you expect to increase the output growth rate of a country?
a. an increase in the rate of taxation on personal income
b. an increase in the rate of investment as a share of total output
c. passage of regulations restricting international trade
d. passage of regulations restricting domestic trade
B
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Health insurance plans which typically reimburse doctors mainly by paying ________ are known as health maintenance organizations
A) an escalating fee based on the number of patients being treated B) a fee for each individual service provided C) a fee for each individual office visit D) a flat fee per patient
The domestic currency is said to be ________ if it has appreciated at a lower rate than the difference between the domestic inflation rate and the higher foreign inflation rate
A) undervalued B) overvalued C) appreciated D) risky
Using the information in the table shown, the average revenue for this firm:
This table represents the revenues faced by a monopolist.
A. decreases as output increases.
B. increases as output increases.
C. remains constant regardless of level of output.
D. is maximized when total revenue is maximized.
Suppose you have the following values for a short-run production process: Q = 20, VC = 100, FC = 600 and MC = 40. Given this, we know that the
A. marginal cost curve must be decreasing. B. marginal cost curve must be increasing. C. average cost curve must be increasing. D. average cost curve must be decreasing.