Marginal revenue product is the
A. additional revenue from one additional dollar increase in price.
B. change in the revenue product resulting from one additional unit of input.
C. additional revenue from one additional unit of input.
D. change in revenue resulting in one additional dollar in price.
Answer: C
You might also like to view...
In which of the following ways can a corporation raise new funds for investment? I. Issuing new shares of stock II. Having existing stock resold between two owners
A) I only B) II only C) Both I and II D) Neither I nor II
What kinds of economic conditions indicate that the Fed should expand the money supply?
We would expect which of the following to occur when the central bank conducts an open market purchase of bonds?
A) a reduction in the monetary base (H) B) a reduction in the money multiplier C) an increase in the money multiplier D) an increase in the money supply
Larger loans, other things constant, have lower interest rates because
A) only large, financially sound corporations obtain such loans. B) large loans always have collateral. C) large loans are always for short time periods. D) the fixed costs associated with the handling charges as a percent of the total loan are less.