The marginal revenue that would be derived from producing the fourth unit of output is
A. $24.
B. $22.
C. $20.
D. $18.
D. $18.
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What can we conclude if depreciation (consumption of fixed capital) exceeds gross domestic investment?
A. Net investment is negative. B. The economy is importing more than it exports. C. The economy's production capacity is expanding. D. Nominal GDP is rising but real GDP is declining.
To decide whether Yi = ?0 + ?1X + ui or ln(Yi) = ?0 + ?1X + ui fits the data better, you cannot consult the regression R2 because
A) ln(Y) may be negative for 0
Supplier power tends to be low when
a. The supplier provides non-critical inputs b. The supplier provides homogenous inputs c. Both A&B d. None of the above
Refer to the graph shown. Monetary policy that shifts the AD curve from AD0 to AD2 is
A. contractionary. B. neither expansionary nor contractionary since it does not affect output. C. expansionary. D. neither expansionary nor contractionary since it does not affect inflation.