For a profit-maximizing firm, the price level equals its marginal revenue (MR) when ______.
A.in an oligopolistic market.
B.in a monopolistic situation.
C.in a perfectly competitive market.
D.sales rise with the increase in price level.
A.demand; decreases; fall
B.demand; increases; rise
C.supply; increases; rise
D.supply; decreases; fall
A.default risk
B.interest risk
C.credit risk
D.liquidity risk
A.fall; liquidity
B.fall; risk
C.rise; liquidity
D.rise; risk
A.in an oligopolistic market.
B.in a monopolistic situation.
C.in a perfectly competitive market.
D.sales rise with the increase in price level.
A、there is additional profit as long as the price is greater than the marginal cost of the last unit
B、there is additional profit when the marginal cost of a unit is higher than the price
C、there is no more profit when the price is greater than the marginal cost of the last unit
D、price is not important in determining profit
E、none of the above
A、expected inflation; bonds.
B、expected inflation; money.
C、government budget deficits; bonds.
D、the supply of money; bonds.
A、it does not decline in value when prices rise.
B、its value remains fixed to the price level; that is, if prices double so does the value of money
C、it is the most liquid asset.
D、of all of the above
E、of none of the above
A.An excess supply of that currency exists in the foreign exchange market
B.An excess demand for that currency exists in the foreign exchange market
C.The supply of foreign exchange shifts outward to the right
D.The supply of foreign exchange shifts backward to the left
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