What is the marginal revenue of producing the fortieth unit?No. units producedTotal RevenueTotal Costs000101204020200100302701704031026050330370
A. 40
B. 80
C. 4
D. 7.75
Answer: C
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All of the following are automatic stabilizers EXCEPT
A) the federal income tax system. B) welfare payments. C) discretionary tax cuts. D) unemployment compensation.
In long-run equilibrium, a perfectly competitive firm produces the output level that minimizes average total cost
a. True b. False Indicate whether the statement is true or false
A price floor is: a. the lowest legal price that can be paid in markets for goods and services. b. the highest legal price that can be charged in markets for goods and services. c. decided by the sellers of a good or service
d. decided by the consumers of a good or service.
Which of the following is true?
a. The majority of millionaires received most of their wealth through an inheritance. b. The percentage of the population that are millionaires in inflation-adjusted dollars has been stable since the 1970s. c. About one-third of millionaires have college degrees. d. More than 75 percent of American millionaires have college degrees.