The extra benefit resulting from a small increase in an activity is called the:
A. opportunity cost.
B. marginal benefit.
C. marginal cost.
D. diminishing returns of the activity.
Answer: B
Economics
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A decline in the money ________ shifts the LM curve to the ________, causing the interest rate to rise and output to fall, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
Economics
An improvement in a firm's technology that reduces its production costs will result in a(n):
a. rightward shift of the supply curve. b. increase in supply. c. increase in quantity supplied at any given price. d. all of these are true.
Economics