Examlex
________ corresponds to lower output and ________ corresponds to higher output.
Profits
The financial gain obtained when the revenue from business activities exceeds the expenses, taxes, and costs associated with maintaining the business.
Marginal Cost
The investment needed to manufacture an extra unit of a product or service.
Marginal Revenue
Enhanced revenue from the sale of an incremental unit of a product or service.
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.
Q13: If wages are sticky, an increase in
Q59: An example of automatic stabilizers is<br>A) government
Q136: For an economy to experience both a
Q141: Explicit contracts help explain the existence of
Q160: Other things equal, a decrease in the
Q168: When the _, the Fed is willing
Q170: When checks are exchanged between banks, the
Q224: An oil price increase would<br>A) increase aggregate
Q276: Economists define the labor force to include<br>A)
Q296: Suppose the required reserve ratio is 15%.