Total factor productivity is the ratio of a:
a. firm's marginal revenue to its marginal cost.
b. firm's total revenues to its total costs.
c. nation's total income to its total output.
d. nation's output to its stock of labor and capital.
e. nation's savings to its capital stock.
d
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Use the following graphs to answer the next question.
The long-run equilibrium for a monopolistically competitive firm is represented by graph
A. A. B. B. C. C. D. D.
If a natural monopoly is regulated using the marginal cost pricing rule, how will that affect prices, outputs, profits, and the distribution of surpluses? What are the pros and cons to this method of regulation?
What will be an ideal response?
An unplanned increase in inventories results from
A) actual investment that is less than planned investment. B) an increase in planned investment. C) a decrease in planned investment. D) actual investment that is greater than planned investment.
In 1975 the Swiss National Bank announced a policy of targeting ________
A) the level of income B) interest rates C) rational expectations D) monetary aggregates