In the figure above, a single-price unregulated monopoly will produce an amount of output equal to
A) h.
B) j.
C) k.
D) none of the above.
A
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Because of the owner's prejudice, a firm chooses to discriminate against hiring Oriental workers. Compared to an otherwise identical nondiscriminating firm hiring in the same competitive market, the discriminating firm will have
a. higher costs. b. lower profits. c. a lower quantity of labor supplied at every wage. d. All of the above are correct.
What are the key properties of indifference curves?
What will be an ideal response?
Which of the following will occur when an economy's price level increases?
A. The purchasing power of money will increase. B. The purchasing power of money will decrease. C. The real value of wealth will increase. D. Aggregate demand will increase.
When the reserve requirement is increased:
A. required reserves are changed into excess reserves. B. the excess reserves of member banks are increased. C. a single commercial bank can no longer lend dollar-for-dollar with its excess reserves. D. the excess reserves of member banks are reduced.