Total profit for a firm is calculated as
a. marginal revenue minus average total cost.
b. average revenue minus average total cost.
c. marginal revenue minus marginal cost.
d. (price minus average cost) times quantity of output.
d
Economics
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The Fed is the bankers' bank. What functions of the Fed are involved in this role? What are the other important functions of the Fed?
What will be an ideal response?
Economics
Fiscal policies that move the economy toward potential GDP without a change in policy are called
A) spending stabilizers. B) economic stabilizers. C) GDP stabilizers. D) routine stabilizers. E) automatic stabilizers.
Economics