The relationship between the MP and MC curves is
A) over the range where the MP curve has a negative slope, the MC curve also has a negative slope.
B) over the range where the MC curve has a positive slope, the MP curve also has a positive slope.
C) over the range where the MP curve has a positive slope, the MC curve has a negative slope.
D) that the MP is not defined when the MC curve has a negative slope.
E) There is no predictable relationshi
C
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In addition to saving and investment in capital, making an even larger contribution to long-term economic growth in real GDP per person
A) are technological advances. B) is lower current consumption. C) is higher current consumption. D) is a larger work force.
Economic profit is defined as total revenue
a. plus total costs b. minus marginal costs c. minus variable costs d. minus total costs e. minus fixed costs
A derivative instrument:
A. is a low-risk financial instrument used by highly risk-averse savers. B. gets its value and payoff from the performance of the underlying instrument. C. should be purchased prior to purchasing the underlying security. D. comes into existence after the underlying instrument is in default.
Monetary policy operates mainly on investment, which responds slowly to changes in interest rates.
Answer the following statement true (T) or false (F)