The market value of the inputs a firm uses is called
a. total cost.
b. variable cost.
c. marginal cost.
d. fixed cost.
a
Economics
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If the nominal interest rate is 5 percent and there is no inflation, _____
a. the real interest rate exceeds 5 percent b. the real interest rate is less than 5 percent c. the real interest rate is 5 percent d. there is not enough information to determine the real interest rate e. the real interest rate is zero
Economics
A correct formula (dropping all minus signs) for the calculation of the elasticity of demand between point Q1, P1 and point Q2, P2 is
a. [(P2 ? P1)/(P2 + P1)]/[(Q2 ? Q1)/(Q2 + Q1)]. b. [(P2 ? P1)/P1]/[(Q2 ? Q1)/Q1]. c. [(Q2 ? Q1)/(Q2 + Q1)]/[(P2 ? P1)/(P2 + P1)]. d. [(Q2 ? Q1)/Q2)]/[(P2 ? P1)/P2].
Economics