Suppose that the slope of a line tangent to the total cost curve at point X is steeper than the slope of a line tangent to the total benefit curve at point X, then:
A. net benefit would be increased by reducing the amount of the activity.
B. net benefit would be decreased by reducing the amount of the activity.
C. net benefit would be increased by increasing the amount of the activity.
D. net benefit is maximized.
A. net benefit would be increased by reducing the amount of the activity.
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The tradeoff between current consumption and the production of capital goods also reflects a tradeoff between
A) the future production of capital goods and future consumption of goods. B) economic growth and technological change. C) satisfying today the needs of the poor and the wants of the wealthy. D) current consumption and future consumption.
The part of corporate profits that is paid to the shareholders of a corporation is
A) retained earnings. B) shareholders. C) dividends. D) business revenue.
A resource's marginal product is
a. the revenue produced by one additional unit of that resource, other things constant b. the total output produced by one unit of that resource, other things constant c. the additional output produced by one additional unit of that resource, other things constant d. the total output divided by the number of units of that resource employed e. the total output times the number of units of that resource employed
Other things the same, if the U.S. real exchange rate depreciated, then U.S. net exports would
a. fall and the quantity of dollars demanded in the market for foreign-currency exchange would fall. b. fall and the quantity of dollars demanded in the market for foreign-currency exchange would rise. c. rise and the quantity of dollars demanded in the market for foreign-currency exchange would fall. d. rise and the quantity of dollars demanded in the market for foreign-currency exchange would rise.