The equation Y = A is known as the ________
A) Cobb-Douglas production function
B) labor supply curve
C) marginal product of labor
D) capital-to-employment function
A
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Suppose the Federal Reserve desires to raise the level of planned investment in the economy
It either has to hope that an improvement in business confidence shifts the rate-of-return line to the ________ , or it has to take direct action by ________ the interest rate. A) right, raising B) right, lowering C) left, raising D) left, lowering
What are three basic sources of economic profit? Which ones are most beneficial for society?
What will be an ideal response?
For a monopolist, the marginal revenue gained when one more unit of output is sold is
A. the average revenue created by the increased sales. B. negative if price is above the midpoint of the demand curve. C. equal to the price of the product. D. the price at which the extra unit is sold minus the loss in revenue that results from cutting the price on units sold previously.
If we plotted the given data on a graph with R&D expenditures on the horizontal axis, the:
A. interest-rate cost-of-funds curve would be a vertical line.
B. interest-rate cost-of-funds curve would be a horizontal line.
C. expected-rate-of-return curve would slope upward.
D. expected-rate-of-return curve would be a horizontal line.