Use the above figure. The TFC at output level 10 is
A. $3.
B. $1.
C. $10.
D. $2.
Answer: C
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The four categories of final users of GDP are:
A. businesses, firms, governments, and the foreign sector. B. households, firms, governments, and the foreign sector. C. businesses, corporations, firms, and farms. D. households, the Federal Reserve, governments, and the foreign sector.
Delete
a. The monopolist undersupplies the market and charges too high a price. b. The monopolist is a revenue maximizer not a profit maximizer. c. A monopolist has little incentive to produce efficiently (at a low cost). d. All of the above are true.
Figure 19-3
Which panel in Figure 19-3 represents the case of an effective usury law?
A. 1 B. 2 C. 3 D. 4
Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. On this graph, 4 represents the
A. multiplier. B. break even income level. C. MPS. D. MPC.