Consider the market for credit. When the demand for credit increases while the supply of credit remains unchanged,
A) the interest rate will decrease and the amount of credit provided in the market will increase.
B) the interest rate will increase and the amount of credit provided in the market will increase.
C) the interest rate will decrease and the amount of credit provided in the market will decrease.
D) the interest rate will increase and the amount of credit provided in the market will decrease.
B
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A rational seller will sell another unit of output:
A. as long as the quantity demanded is greater than zero. B. if the cost of making another unit is less than the revenue gained from selling another unit. C. whenever the seller is earning a profit. D. if the seller can charge more than the equilibrium price.
Compared to a perfectly competitive firm, in a long run the monopolistically competitive firm will have
A. a lower rate of output. B. a lower average cost. C. a lower price. D. a horizontal demand function.
A profit-maximizing firm will base its supply decisions on its marginal:
a. private cost. b. social cost. c. external cost. d. transactions cost.
A firm that owns and controls operations in more than one country is a(n)
A. monopolist. B. cross-border business alliance. C. franchise. D. MNE.