Suppose Joan uses her savings to purchase computer equipment for her new consulting business. Soon after this, the market interest rate rises. As a result, her
a. explicit costs rise immediately
b. accounting profit falls immediately
c. accounting profit rises immediately
d. economic profit rises immediately
e. economic profit falls immediately
E
Economics
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Marginal cost is the change in the:
A) total cost associated with producing one more unit of output. B) average total cost associated with producing one more unit of output C) average variable cost associated with producing one more unit of output. D) opportunity cost associated with producing one more unit of output.
Economics
A change in the price level changes the amount of nominal money people demand
Indicate whether the statement is true or false
Economics