Marginal cost is the ____________ cost of producing one additional unit and marginal revenue is the_____________ revenue of selling an additional unit
a. Incremental, Incremental
b. Total, Incremental
c. Incremental, Total
d. Total, Total
a
You might also like to view...
Answer the next question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10%. If the price of this bond falls by $200, the interest rate will
A. fall by 2.5 percentage points. B. fall by 5 percentage points. C. rise by 5 percentage points. D. rise by 2.5 percentage points.
State three major potential advantages of foreign direct investment for a developing country. State three major potential disadvantages
What will be an ideal response?
Elimination of minimum brokerage commission rates occurred because of
A) competition from banks. B) demands of institution investors. C) competition from foreign brokerage firms. D) an action of the Securities and Exchange Commission.
The classic example of adverse selection is the
a. market for used cars. b. market for new cars. c. relationship between shareholders and managers. d. relationship between a coach and an athlete.