Refer to the figure above. If the monopolist faces a constant marginal cost of $6, what is the optimal quantity that it should produce?
A) 20 units
B) 30 units
C) 40 units
D) 60 units
B
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Firms choose to price discriminate
a. To earn higher profits b. To sell goods to consumers who otherwise would not have purchased c. Both a and b d. None of the above
To calculate required reserves, you must multiply the required reserve ratio by the amount of transactions account balances on the bank's balance sheet.
Answer the following statement true (T) or false (F)
Opponents of cigarette taxes often argue that tobacco and marijuana are substitutes so that high cigarette prices
a. encourage marijuana use, and the evidence supports this argument. b. encourage marijuana use, but the evidence does not support this argument. c. discourage marijuana use, and the evidence supports this argument. d. discourage marijuana use, but the evidence does not support this argument.
A study conducted by economists Marianne Bertrand and Sendhil Mullainathan found evidence of labor-market discrimination based on which of the following findings?
a. Restaurant customers preferred to be waited on by white waitresses rather than black waitresses. b. Black basketball players earned more than white basketball players. c. Employers were more likely to request interviews with job applicants with "white" names such as Greg than from applicants with "black" names such as Jamal. d. Employers were more likely to request interviews with job applicants with "masculine" names such as Mark than from applicants with "feminine" names such as Lisa.