A decrease in savings deposits would ____ M1 and ____ M2.
a. increase; increase
b. not change; increase.
c. decrease; decrease.
d. not change; decrease.
d
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A monopolist will hire an additional unit of labor as long as
A) the additional cost of the worker is outweighed by the additional revenues made from selling the output of theses workers. B) the marginal revenue curve is above the demand curve. C) the marginal revenue product is larger than the marginal factor cost. D) the marginal revenue product is less than the marginal factor cost.
Laura Kaid owns a business and is willing to invest in capital until, at the margin, her investment yields a cash stream with a present value less than the marginal cost of the investment
a. True b. False
In which of the following market structures must the price and output decisions of an individual firm include the possible price and output reactions of the firm's rivals?
a. Monopoly. b. Oligopoly. c. Perfect competition. d. Cartel.
The opportunity cost of an option
a. measures the undesirable aspects of the option. b. includes only the monetary cost of the option. c. is the highest-valued alternative that must be given up as the result of choosing the option. d. is objective, and it will be the same for all individuals.