In the above figure, what is the profit at the profit-maximizing output level?
A. $20
B. $10
C. $70
D. $2
Answer: A
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National income is derived from gross domestic product by
A) adding personal income and transfer payments to gross domestic product. B) subtracting depreciation from gross domestic product. C) subtracting retained earnings from gross domestic product. D) adding personal taxes and depreciation to gross domestic product.
How does a firm raise external funds through direct finance?
What will be an ideal response?
A derivative is a:
a. contract derived from a spot market rate. b. fixed exchange rate. c. flexible exchange rate. d. contract between firms for foreign currency.
When the Federal Reserve began paying interest on excess reserves, the effect on monetary policy was
A. making open market operations less effective. B. adding a new tool to monetary policy. C. reducing the effect of a change in reserve requirements. D. eliminated the need for the Federal Funds Market.