For a competitive firm, the marginal revenue product is:
A. always positive and nears zero as quantity increases.
B. always negative and nears zero as quantity increases.
C. zero when profits are maximized.
D. decreasing eventually as quantity increases.
D. decreasing eventually as quantity increases.
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IMF advice to countries such as Russia and Argentina that suffer from exchange rates crises often requires these countries to adopt
a. fixed exchange rates. b. expansionary monetary policies. c. contractionary monetary policies. d. state ownership of industry.
Barter transactions
A. involve directly exchanging goods for other goods. B. can occur without the "double coincidence of wants." C. are less costly than transactions involving money. D. involve the use of money as a medium of exchange.
A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)
A) equity share. B) bond. C) stock. D) debit.
The price at which the amount consumers wish to purchase equals the amount firms wish to sell is called the
A. equilibrium price. B. optimal result. C. optimal quantity. D. equilibrium quantity.