Total revenue equals
a. marginal revenue - marginal cost.
b. price/quantity.
c. price x quantity.
d. output - input.
c
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Direct finance refers to the flow of funds from savers to borrowers through financial markets
Indicate whether the statement is true or false
Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
A) Demand and supply both increased. B) Demand and supply both decreased. C) Demand increased, and supply decreased. D) Demand decreased, and supply increased.
The classical theory of inflation
a. is also known as the quantity theory of money. b. was developed by some of the earliest economic thinkers. c. is used by most modern economists to explain the long-run determinants of the inflation rate. d. All of the above are correct.
Use the above table. When real disposable income is $125
A. MPS = 0.96. B. APS = 0.20. C. APC = 0.96. D. APC = 0.80.