Marginal factor cost is
A) the change in total costs due to a one-unit change in the quantity of the good produced.
B) the change in total costs due to a one-unit increase in the variable input.
C) the change in the price of an input when an additional unit of the input is hired.
D) the marginal cost of changing the rate of production in the long run.
Answer: B
Economics
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When the interest rate rises
A) planned investment falls. B) planned investment rises. C) planned investment will be unaffected. D) equilibrium income increases.
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Attempts by a central bank to increase bank deposits without a decrease in nominal short-term interest rates are referred to as ________
A) quantitative easing B) credit channeling C) open market operations D) liquidity provision
Economics