An increase in the supply of U.S. dollars to the foreign exchange market could be caused by all of the following except
a. U.S. incomes rise
b. U.S. interest rates fall
c. U.S. consumers buy more imported cars
d. U.S. incomes fall
e. U.S. travelers take more trips to other countries
D
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The market supply in the short run for the perfectly competitive industry is
A) the same as each producer's supply. B) the sum of the supply schedules of all firms. C) divided up according to each firm's selling price. D) set at the maximum price a buyer will pay for one unit. E) equal to the average of each firm's supply schedule.
Marginal cost is the cost
A) that your activity imposes on someone else. B) that arises from an increase in an activity. C) of an activity that exceeds its benefit. D) that arises from the secondary effects of an activity.
Suppose you order a slice of pepperoni pizza and a soda at a shopping mall food court. What are examples of the opportunity costs of this decision?
What will be an ideal response?
Total revenue is the amount:
A. a firm receives from the sale of goods and services. B. a firm keeps after all expenses are paid. C. of sales that get reinvested in the firm. D. a firm receives from dividends.