Which of the following bonds has the highest interest rate?
a. a high credit risk and a short term.
b. a low credit risk and a short term.
c. a long term and a high credit risk.
d. a long term and a low credit risk.
c
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The marginal product of capital (MPK) measures ________
A) by how much output increases for each additional unit of capital B) by how much capital increases for each additional unit of output C) by how much capital increases for each additional unit of labor D) by how much total factor productivity increases for each additional unit of capital E) none of the above
"More elastic" means
a. unchanging b. less desirable c. more desirable d. less responsive e. more responsive
A monopolist produces at the minimum point of the average total cost curve in the long run
a. True b. False Indicate whether the statement is true or false
Cartel members have a collective interest in ____ industry output and a private interest in ____ their own output
a. increasing; increasing b. increasing; decreasing c. decreasing; increasing d. decreasing; decreasing