Marginal cost

a. is the increase in total cost resulting from production of one additional unit of output.

b. is the cost of the marginal unit of output.

c. All of the above are correct.

d. and the average cost curve are U-shaped.

A trial balance (select one): a. is a list of accounts with their balances at a given time. b. proves that proper account titles were used. c. will not balance if a correct journal entry is posted twice. d.

A group of venture investors is considering putting money into Lemma Books, which wants to produce a new reader for electronic books.

Suppose the interest rate on a 1-year T-bond is 5.00% and that on a 2-year T-bond is 6.00%. Assume that the pure expectations theory is NOT valid, and the MRP is zero for a 1-year T-bond but 0.40% for a 2-year bond.

Vernon spends the following percentages of his budget on the following goods: 23 percent on good A, 11 percent on good B, 1 percent on good C, and 3 percent on good D. For which good is price elasticity of demand the highest, ceteris paribus? a.

the percentage of totoal workers who are out of work but seeking jobs and willing to work is known as the ___ rate?

Which of the following comparisons best isolates the impact of a change in activity on performance?

If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of

In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.

The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.

Explain how banks can create money.