A subsidy is a negative tax
Indicate whether the statement is true or false
TRUE
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Which of the following is a potential barrier to entry?
a. a low market price b. a high market price c. a standardized product d. economies of scale e. diminishing marginal productivity
Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist. QuantityPrice1$102$93$84$75$66$57$48$3The marginal revenue of the third unit of output is:
A. $6. B. ?$1. C. $24. D. $8.
An increase in real money balances resulting from a lower price level will:
A. increase both interest rates and investment. B. reduce interest rates and increase investment. C. reduce both interest rates and investment. D. increase interest rates and reduce investment.
The marginal propensity to consume is defined as the:
A. fraction of total income not spent on consumption. B. proportion of any change in income that is spent on consumption. C. fraction of total income spent on consumption. D. fraction of a change in income that is saved.