The slope of the total revenue curve for a perfectly competitive firm is determined by:
a. the price of a good
b. the quantity of a good.
c. the marginal cost.
d. the average variable cost.
a
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Carl is considering attending a concert with a ticket price of $35 . He estimates that the cost of driving to the concert and parking there will total an additional $20 . In order to attend the concert, Carl will have to take time off from his part-time job and forgo studying for an exam scheduled for the next morning. He estimates that he will lose 3 hours at work, at a wage of $6 per hour, plus
2 hours of study time. Carl's opportunity cost of attending the concert equals a. $73 plus the value of the higher exam grade he could earn by studying longer b. $73 c. $35 plus the value of the higher exam grade he could earn by studying longer d. $35 e. $55 plus the value of the higher exam grade he could earn by studying longer
Oligopoly is a market structure where one firm produces all of the output in the market
a. True b. False Indicate whether the statement is true or false
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplierto fall. d. M2 money supply to rise.
A regular payment received by stockholders for each share they own is called a:
A. bond. B. dividend. C. capital gain. D. coupon payment.