The change in a firm's total cost from producing one more unit of a good or service is
A) the definition of marginal product
B) the result of economies of scale.
C) the definition of marginal cost.
D) impossible to observe in large firms with many manufacturing plants.
C
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A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied by a decrease in the supply of incandescent light bulbs as a result of government restrictions, will result in
A) a decrease in the equilibrium quantity of incandescent light bulbs; the equilibrium price may increase or decrease. B) a decrease in the equilibrium quantity of incandescent light bulbs and no change in the equilibrium price. C) a decrease in the equilibrium price of incandescent light bulbs and no change in the equilibrium quantity. D) a decrease in the equilibrium price of incandescent light bulbs; the equilibrium quantity may increase or decrease.
Suppose a Canadian investor buys a one-year U.S. government bond that pays 7 percent interest. If the U.S. dollar appreciates 4 percent against the Canadian dollar during the year, what must be the yield on a comparable Canadian government bond for interest rate parity to hold?
a. 3 percent b. 4 percent c. 7 percent d. 10 percent e. 11 percent
Activist capitalists who seek out or create earnings opportunities and assume risk, for which they receive profits, are called
A. rent seekers. B. entrepreneurs. C. muckrakers. D. marginalists.
In which of the decades below was the deficit as a percentage of GDP the largest?
A. The 1960s B. The 1950s C. The 1970s D. The 1940s