Process innovation can be depicted as:
A. an upward shift in a firm's total product curve.
B. an upward shift in a firm's marginal cost curve.
C. a downward shift in a firm's marginal revenue curve.
D. an increase in product demand.
Answer: A
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A difference between inventory investment and fixed investment is that
A) fixed investment is never unplanned. B) fixed investment is never planned. C) inventory investment is never unplanned. D) unplanned inventory investment is always zero.
In Macroland there is $10,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 10%, deposits in Macroland equal ________ and the money supply equals ________.
A. $50,000,000; $55,000,000 B. $50,000,000; $60,000,000 C. $100,000,000; $100,000,000 D. $55,000,000; $55,000,000