Answer:
a steering wheel in an automobile.
Explanation:
Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.
Hence, the correct answer to the question is "a steering wheel in an automobile."
Answer:
I guess c or d not sure about it.
Explanation:
To find - Fill in the type of cost that best completes each sentence.
Profits equal total revenue minus ______________ .
The term __________ refers to costs that involve direct monetary payment by the firm.
_____________ is falling when marginal cost is below it and rising when marginal cost is above it.
The cost of producing an extra unit of output is the _____________ .
__________ is always falling as the quantity of output increases.
The opportunity cost of running a business that does not involve cash outflow is a(an) ____________ .
Proof -
Profits equal total revenue minus TOTAL COST
.
The term EXPLICIT refers to costs that involve direct monetary payment by the firm.
AVERAGE VARIABLE COST is falling when marginal cost is below it and rising when marginal cost is above it.
The cost of producing an extra unit of output is the MARGINAL COST.
AVERAGE FIXED COST is always falling as the quantity of output increases.
The opportunity cost of running a business that does not involve cash outflow is a(an) IMPLICIT COST.
Answer: The optimal capital structure maximizes the firm’s stock price.
Explanation:
The Capital Structure of a company refers to the proportion of debt vs equity that it chooses to use to fund its Assets and operations.
The goal of management is to use the capital structure to fund the company in such a way that the market value of a company increases.
The Market value is reflected by the firm's stock price so the optimal capital structure is meant to maximize the firm’s stock price.
Such employment would fall outside the production possibilities curve as the values plotted on that curve would be the minimum unemployment levels. The usual figure to use is % unemployment so most likely the differing levels shown would be for unemployment ie 10% above the curve and say 5 % on the curve.
