Which statement is false?
A. The monopolist's demand and marginal revenue curves are two separate curves.
B. The monopolist can sell more output only by lowering price.
C. The monopolist produces at the minimum point of its ATC curve.
D. None of these statements are false.
C. The monopolist produces at the minimum point of its ATC curve.
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One purpose of regulation of financial markets is to
A) limit the profits of financial institutions. B) increase competition among financial institutions. C) promote the provision of information to shareholders, depositors and the public. D) guarantee that the maximum rates of interest are paid on deposits.
A revaluation of the exchange rate is a policy action that
A) increases the real exchange rate. B) decreases the real exchange rate. C) increases the nominal exchange rate. D) decreases the nominal exchange rate.
The marginal revenue product (MRP) of labor is the
a. total revenue generated when one more worker is hired b. change in average revenue when one more worker is hired c. total revenue per worker when one more worker is hired d. change in total revenue when one more worker is hired e. change in employment when total revenue changes by one dollar
The second number in any ordered pair is
a. the x-coordinate. b. the y-coordinate. c. the horizontal location of the point. d. the slope.