Marginal revenue
a. Is the additional revenue earned by selling one more unit
b. Is always equal to the total revenue
c. Is the difference between total revenue and total costs
d. None of the above
a
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What is a problem with barter that makes it so difficult to use?
A) Individuals have to produce something to trade with. B) Barter omits the store of value role for money. C) Barter requires use of only fiat money. D) Barter requires a double coincidence of wants. E) Barter is very efficient but illegal because it avoids taxation.
A variable that is essential to economic growth is:
A. savings. B. technology. C. capital. D. All of these are important to economic growth.
An example of indexing is a “cost of living” adjustment clause in a wage contract.
Answer the following statement true (T) or false (F)
Which of the following is an example of a vertical merger?
A) Northwestern Idaho University merging with McDonald's. B) Northwestern Idaho University merging with a training academy for new professors. C) Northwestern Idaho University merging with Roosevelt University. D) Northwestern Idaho University going from a public to a private university.