By comparing the value of marginal product with the marginal cost per input, a firm can find the:
A. cost-maximizing quantity to hire.
B. profit-maximizing quantity to hire.
C. revenue-maximizing quantity to hire.
D. output-maximizing quantity to hire.
B. profit-maximizing quantity to hire.
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In the above figure, if the price is $8 per unit, how many units will a profit maximizing perfectly competitive firm produce?
A) 5 B) 20 C) 30 D) 35
A Eurodollar loan is a(n):
a. ECU-denominated loan issued by a U.S. bank. b. dollar-denominated loan payable to a European bank. c. ECU-denominated loan that is subject to banking regulations in both the United States and Europe. d. dollar-denominated loan issued outside the U.S. domestic banking system. e. loan by the European Community to the U.S. government.
If stock prices go up and people feel richer, aggregate demand will
What will be an ideal response?
Suppose the demand for good x is ln Qxd = 21 ? 0.8 ln Px ? 1.6 ln Py + 6.2 ln M + 0.4 ln Ax. Then we know good x is:
A. a normal good. B. an inferior good. C. an elastic good. D. a Giffen good.