A firm should increase its investment as long as:
a. marginal resource cost exceeds the interest rate.
b. marginal resource cost exceeds marginal revenue product.
c. marginal rate of return on investment exceeds the interest rate.
d. the interest exceeds the marginal rate of return on investment.
c
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The market supply function is P = 10 + Q and the market demand function is P = 70 - 2Q. What is the change in consumer surplus associated with a minimum floor price of $30?
A) Zero B) -$100 C) -$30 D) -$55
Moving downward along a linear (straight-line) downward-sloping demand curve, the
A. price elasticity of demand does not change. B. quantity demanded decreases. C. demand becomes more elastic. D. demand becomes less elastic. E. total revenue never changes. Reset Selection
Which statement is true about the Fed's Governing Board?
A. They can be removed from office by the President. B. They can be removed from office by Congress. C. They serve for life. D. None of the statements are true about the Fed's Governing Board.
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A50,50500-x,200?B100,500-x50,50For what values of x is strategy D strictly dominant for firm B?
A. x = 450 B. All x > 450 C. All x < 450 D. x < 50