For a monopolist, at the profit-maximizing level of output:
A. marginal revenue is greater than average revenue.
B. price is greater than marginal revenue.
C. price is equal to marginal revenue.
D. average revenue is greater than price.
Answer: B
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Any action that gives rise to a supply of foreign currency is a
A) deficit item on the current account and a surplus item on the financial and capital accounts. B) surplus item on the current account and a deficit item on the financial and capital accounts. C) surplus item on the current, financial, or capital account. D) deficit item on the current, financial, or capital account.
The political stability of countries has an impact on the foreign exchange market
Indicate whether the statement is true or false
A $0.10 tax levied on the sellers of chocolate bars will cause the
a. supply curve for chocolate bars to shift down by $0.10. b. supply curve for chocolate bars to shift up by $0.10. c. demand curve for chocolate bars to shift down by $0.10. d. demand curve for chocolate bars to shift up by $0.10.
Explain the money multiplier and give two examples showing how much money could be generated from a single deposit. For each example, be sure to include the initial deposit amount, the reserve requirement ratio, the excess reserve amount, the money multiplier, and the potential total amount of money generated, rounding to the nearest tenth at each step.
What will be an ideal response?