In the long run, all of the following are true for a monopolist EXCEPT
A) P > ATC.
B) P = MC.
C) MR = MC.
D) P > AVC.
B
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The current market price for good X is below the equilibrium price, and then the demand curve for X shifts rightward. What is the likely outcome of the demand shift?
A) The surplus increases. B) The surplus decreases. C) The shortage increases. D) The shortage decreases.
The resource termed labor consists of the physical, but not the mental, talents that people contribute to the production process
Indicate whether the statement is true or false
In 2007, Trailblazer Bicycle Company produced a mountain bike that was delivered to a retail outlet in November of 2007. The bicycle was sold to E.Z. Ryder in March of 2008. This bicycle is counted as:
a) consumption in 2007 and as negative investment in 2008. b) negative investment in 2007 and as consumption in 2008. c) negative investment in 2007 and as investment in 2008. d) investment in 2007 and as negative investment in 2008.
Which of the following could be a direct cause of investment spending decreasing?
A. A firms revenues increases while their costs remain constant. B. Real income increases. C. Real interest rates increase. D. Expected future income increases.