After the imposition of the quota, the amount of revenue collected by the government is ________.
A. $75,000
B. $50,000
C. $150,000
D. $0
Answer: D
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Unequal outcomes are inherently unfair
Indicate whether the statement is true or false
When the price of a bond equals the face value the:
A. current yield is equal to the coupon rate. B. yield to maturity is greater than the current yield. C. yield to maturity will be above the coupon rate. D. yield to maturity will be below the coupon rate.
Manufacturers of printers and computers set prices independently. This means that they
A. do not consider the negative effect that the high prices have on each other's profit. B. use capital-intensive means of production. C. use division of labor and specialization in production. D. do not consider the effect of the prices on the demand for the products.
A monopoly incurs a marginal cost of $1 for each unit produced. If the price elasticity of demand equals -2.0, the monopoly maximizes profit by charging a price of
A) $1.00. B) $1.50. C) $2.00. D) $3.00.