On the eve of the Civil War, __________ power was more important than _____________ power, but by the end of the 19th century, 90 percent of manufacturing energy came from _________
a. animal; water; steam
b. steam; water; electricity
c. wind; water; petroleum
d. water; steam; coal
d. water; steam; coal
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Four reasons for firms to hold inventories are given in the text. For each reason, indicate briefly whether and how it helps to explain the high volatility of inventory investment
What will be an ideal response?
The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. When Greene's output is 2,000 units, what is average variable cost (AVC)?
A. $20 B. $85 C. $72 D. $62 E. $48
Exhibit 4-2 Supply and demand curves
In Exhibit 4-2, a decrease in quantity demanded would cause a movement from which equilibrium point to another, other things being equal?
A. E1 to E2. B. E1 to E3. C. E4 to E1. D. E3 to E4.
If the Fed increases the money supply, then _____
Fill in the blank(s) with the appropriate word(s).