For a monopolist, total revenues will:
A. increase and eventually decrease as output increases.
B. decrease and eventually increase as output increases.
C. always increase as output increases.
D. always decrease as output increases.
A. increase and eventually decrease as output increases.
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Which of the followings is NOT a current duty of the Board of Governors of the Federal Reserve System?
A) setting margin requirements, the fraction of the purchase price of the securities that has to be paid for with cash B) setting the maximum interest rates payable on certain types of time deposits under Regulation Q C) approving the discount rate "established" by the Federal Reserve banks D) voting on the conduct of open market operations
"Price elasticity measures how many more units of a good that consumers will buy given a decrease in price." Do you agree or disagree? Explain
What will be an ideal response?
In the Keynesian model, investment, government spending, and net exports are treated as autonomous expenditures, which means they are independent of:
a. expectations. b. the price level. c. political processes. d. real GDP.
Other things the same, which of the following would shift the supply of dollars in the market for foreign exchange to the right?
a. foreigners want to buy more U.S. bonds b. foreigners want to buy fewer U.S. bonds c. foreigners want to buy more U.S. goods and services. d. foreigners want to buy fewer U.S. goods and services.