A monopolist will not earn any economic profits when
A. ATC lies below the demand curve.
B. ATC lies above the demand curve.
C. AFC is very high.
D. AVC is a minimum.
Answer: B
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What is the major anticipated benefit of global capital markets? Do all countries gain?
What will be an ideal response?
If you buy a brand new, American-made laptop computer to track stock prices in your career as a stockbroker, then it will be classified in GDP accounting as
a. a change in business inventory b. a consumption expenditure c. an investment expenditure d. a service good e. a household expenditure
By holding so much in foreign currency reserves, China is risking
A. A default on its bonds. B. Deflation. C. Inflation. D. Recession.
Figure 11-2
?
Which graph in Figure 11-2 best reflects a supply-sider’s view of the impact of an increase in the personal income tax rate?
A. 1 B. 2 C. 3 D. 4