Other things being constant, an economy must give up some consumer goods and services today to produce more capital goods in order to grow
a. True
b. False
Indicate whether the statement is true or false
True
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What are the three goals of the Employment Act of 1946?
A. full employment, better schools, and lower income taxes B. keep the peace, improve public education, and protect the environment C. full employment, price stability, and economic growth D. improve the education system, provide more job training, and expand the number of government jobs
When companies sell slightly different forms of a product to different groups of customers, this is known as
A. versioning. B. editions. C. market testing. D. adaptations.
A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. At its profit-maximizing output level, the monopoly's average cost is
A) 11. B) 13. C) 17. D) 21.5.
Refer to the table. Assume that this monopolist faces zero production costs. The profit- maximizing monopolist will set a price of:
Answer the question on the basis of the following table showing the demand schedule facing a nondiscriminating monopolist:
A. $10.
B. $7.
C. $5.
D. $3.