The table above shows the demand and costs for a single-price monopolist. When it maximizes its profit, the firm makes an economic profit of
A) $15.
B) $25.
C) $40.
D) $45.
A
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Insurance companies reduce risk exposure in exchange for a portion of their insurance premiums by obtaining
A) government loan guarantees. B) federal insurance. C) reinsurance. D) bankers acceptances.
An increase in the prison population would tend to cause, other things the same, a decrease in ________
A) federal disabilities benefits B) the use of temporary workers C) the college premium D) the natural rate of unemployment
Whether a tax is levied on sellers or buyers, buyers and sellers usually share the burden of taxes
a. True b. False Indicate whether the statement is true or false
For the U.S. economy, the most important reason for the downward slope of the aggregate-demand curve is the interest-rate effect
a. True b. False Indicate whether the statement is true or false