If the positive effect of a greater quantity demanded more than offsets the negative effect of a lower price, then total revenue rises
Indicate whether the statement is true or false
true
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In the above figure, if output is 30 units, then the total deadweight loss is
A) $5. B) $10. C) $20. D) $60.
The international capital market is:
A) the international currency exchange. B) a market in which capital assets are exchanged for services. C) the market that is subject to intense regulation and must file a report to the Basel committee on a biannual basis. D) not really a single market, but a group of closely interconnected markets in which asset exchanges with some international dimension take place. E) an organization of fiscal policies that dictate international trade.
The supply of oil for users in the United States
a. was never an issue of serious public concern until the 1970s. b. has never been an issue of serious concern by political leaders. c. has often been a topic for dire warnings and forecasts of oil depletion. d. has been more and more in doubt since the early 1980s.
Complete the following sentence: At the most profitable level of production, a firm's marginal cost will be _____ the marker price.
a) equal to b) set by c) less than d) greater than