The Following Figures Show the Demand (D) and Supply (S)

question 27

Multiple Choice

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-A firm decides to hire more equipment if:

• A)the average revenue it earns by selling its output is equal to its average cost.
• B)its total revenue is greater than the total cost of hiring the equipment.
• C)the marginal revenue product of the additional unit of equipment is greater than the marginal factor cost.
• D)its average revenue is greater than the average cost of hiring equipment.
• E)the price of its product is greater than the average cost of production.

---

Definitions:

Electrically Charged

A condition of having an imbalance of electric charge, either positive or negative.

Resting Potential

The electrical charge across the neuronal membrane when the neuron is not actively transmitting signals.

Refractory Period

The time right after a stimulus when a nerve or muscle cannot respond to additional stimulation.

Positive Charge

An electrical charge possessed by protons, which is opposite in sign to the charge carried by electrons.