The demand curve facing a firm
a. indicates the amount of raw materials and other inputs the firm will purchase, at various prices
b. indicates the amount of the good demanded from that firm by a particular consumer, at various prices
c. indicates the amount of output that customers will purchase from the firm, at various prices
d. shows the minimum price at which the firm can sell any given quantity of output
e. is horizontal in the long run, but upward sloping in the short run
C
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As part of the "wealth channel of monetary policy," a higher money supply __________ bond prices and thus __________ spending
A) raises; raises consumption B) raises; raises investment C) lowers; lowers consumption D) lowers; lowers investment
A shift in the demand curve to the right represents
A) an increase in demand. B) a decrease in demand. C) an increase in quantity demanded. D) a decrease in quantity demanded.
Assume that a one-year Malaysian bond yields 10 percent interest and that the dollar return on maturity is 5 percent. If the exchange rate at maturity is $1 = MYR 4.00 (Malaysian ringgit), what was the exchange rate at the time the bond was purchased?
a. $1 = MYR 4.2 b. $1 = MYR 3.8 c. $1 = MYR 3.6 d. MYR 1 = $0.26 e. MYR 1 = $0.4
In 1999, the Eurozone was:
A) formed by all European countries to reduce tariffs. B) formed by 11 countries to adopt a new currency. C) formed by 21 countries to allow labor migration between countries. D) renamed the World Trade Organization.