Total revenue equals ?

Related Mcqs:

1. For the United States suppose the annual interest rate on government securities equals 12 percent while the annual inflation rate equals 8 percent For Japan the annual interest rate on government securities equals 10 percent while the annual inflation rate equals 5 percent the above variables would cause investment funds to flow from ?

   A. The United States to Japan causing the dollar to depreciate
   B. The United States to Japan causing the dollar to appreciate
   C. The Japan to United States, causing the dollar to depreciate
   D. The Japan to United States, causing the dollar to appreciate

2. For the United States suppose the annual interest rate on government securities equals 8 percent while the annual inflation rate equals 4 percent, For Switzerland the annual interest rate on government securities equal 10 percent while the annual inflation rate equals 7 percent the above variables would cause investment funds to flow from ?

   A. the United States to Switzerland causing the dollar to depreciate
   B. the United States to Switzerland causing the dollar to appreciate
   C. Switzerland to the United States causing the franc to depreciate
   D. Switzerland to the United States causing the franc to appreciate

3. Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?

   A. $100, 2 million barrels per day $60 million
   B. $80, 4 million barrels per day $70 million
   C. $60, 6 million barrels per day, $20 million
   D. $40, 8 million barrels per day, $0 million

4. To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?

   A. 20 calculator, $50
   B. 20 calculator, $100
   C. 25 calculator, $50
   D. 25 calculator, $100

5. When marginal revenue equals marginal cost ?

   A. Total revenue equals total cost
   B. There is the biggest positive difference between total revenue and total cost
   C. There is the biggest negative difference between total revenue and total cost
   D. Profits are Zero

6. If marginal revenue equals marginal cost ?

   A. No profit is being made
   B. Total revenue equals total cost
   C. Profits are maximised
   D. Producing another unit would increase profits

7. In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?

   A. total labour cost
   B. the marginal product
   C. the price of the product
   D. the wage rate

8. Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?

   A. 2 million barrels per day, $100, $60 million
   B. 4 million barrels per day, $80, $160 million
   C. 6 million barrels per day, $60, $60 million
   D. 8 million barrels per day, $40, $20 million

9. Short run average total costs are equals to the sum of ____ and _____?

   A. Short run opportunity costs, profit
   B. Short run variable costs, profit
   C. Short run average variable costs, profit
   D. Short run average variable costs, profit run average fixed costs

10. In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?

    A. 3>2>1
    B. 3=2=1
    C. 3<2<1
    D. any measure can be larger or smaller than any other