If a profit-maximizing firm finds that, at its current level of production, MR > MC, it will
A) earn greater profits than if MR = MC.
B) increase output.
C) decrease output.
D) shut down.
B
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In Figure 4-5, the commodity market is in equilibrium
A) at points B, C, and E. B) at points A and E. C) only at point E. D) at points E and D. E) at points A, B, E, and C.
Which of the following rises during a contraction and falls during the expansion phase of the business cycle?
a. prices b. unemployment c. output d. interest rates
Considering a put option; if the price of the underlying asset increases:
A. the value of the put option also increases. B. the time value of the option decreases. C. the intrinsic value of the option increases. D. the value of the option decreases.
Which of the following is (are) responsible for managing the money supply in the United States?
A) the Federal Reserve Bank of New York B) the twelve Federal Reserve Banks C) the Federal Open Market Committee D) the Board of Governors