If a monopolist wishes to increase its output and quantity sold
A) it must reduce its price, so its marginal revenue is greater than its price.
B) it must reduce its price, so its marginal revenue is less than its price.
C) it must raise its price, so its marginal revenue is greater than its price.
D) it must raise its price, so its marginal revenue is less than its price.
Answer: B
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One reason unbalanced development strategies do not succeed is because they require a basic minimum ___________ that is not always in place
a. of markets b. of skilled work force c. big-push investments d. infrastructure e. entrepreneurial incentive
Input prices are fixed for a period of time and this causes firms to increase production as prices increase
a. True b. False Indicate whether the statement is true or false
What is the marginal rate of substitution between two goods and how is it related to the indifference curve?
What will be an ideal response?
A government budget surplus may enable all of the following except
A. A decrease in the money supply. B. A decrease in taxes. C. An increase in income transfers. D. An increase in expenditures on goods and services.