Refer to Table 12-1. If the market price of each camera case is $8, what is the firm's total revenue?
A) $2,400 B) $3,200 C) $4,000 D) $4,800
B
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Define gross investment and net investment. Discuss the relationship between gross investment and net investment
What will be an ideal response?
Which of the following is a Eurodollar claim?
A) A U.S.-dollar deposit by a London firm in a Kansas City bank B) A Swiss-franc deposit by a German firm in a Swiss bank C) A U.S.-dollar deposit by a New York firm in a London bank D) A Canadian-dollar deposit by a London firm in a Toronto bank
The perfectly competitive firm's long-run supply curve is
a. the same as the industry's supply curve b. the average total cost curve c. perfectly horizontal d. the marginal cost curve above the ATC e. the marginal cost curve above the AVC
Which of the following is not correct?
a. Earnings from capital may be paid to households in the form of dividends. b. Earnings from capital may be retained by firms to purchase additional capital. c. Firms may not pay out all of their earnings to households. d. Firms earn the highest profits when the owners of capital receive a value above the marginal product.