The cost incurred from the production of an additional unit of a product
A) is called a loss. B) is called opportunity cost.
C) must be zero for a firm to be efficient. D) is a marginal cost to the firm.
D
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A "easy" money, tight "fiscal" policy combination will be preferred by society which values
A) low growth rates, but more goods and services in the future. B) public goods today greater than private goods in the future. C) private goods today more than public goods in the future. D) public and private goods in the future more than public and private goods today.
Suppose Tucker Inc is willing to sell one gizmo for $10, a second gizmo for $15, a third for $20, and the market price is $25 . What is Tucker Inc's producer surplus?
a. $10 b. $15 c. $30 d. $50
An increase in the demand for bonds generates
A) an increase in both the interest rate and the exchange rate. B) a decrease in both the interest rate and the exchange rate. C) an increase in the interest rate and a decrease in the exchange rate. D) a decrease in the interest rate and an increase in the exchange rate.
A curve that depicts the relationship between price and quantity demanded is the:
a. supply curve. b. supply schedule. c. demand curve. d. equilibrium price.