At an output level above the profit-maximizing level, for a perfectly competitive firm, a reduction in output will:
a. reduce total revenue more than total cost.
b. reduce total cost more than total revenue.
c. increase total revenue more than total cost.
d. increase total cost more than total revenue.
e. decrease total revenue and total cost by the same amount.
b
Economics
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Which of the following has NOT resulted from more active liability management on the part of banks?
A) increased bank holdings of cash items B) aggressive targeting of goals for asset growth by banks C) increased use of negotiable CDs to raise funds D) an increased proportion of bank assets held in loans
Economics
The difference of rate-sensitive liabilities and rate-sensitive assets is known as the
A) duration. B) interest-sensitivity index. C) rate-risk index. D) gap.
Economics