Dee's TV Repair is the only TV repair shop in a small town. Dee is a single-price monopolist
Based on the demand and cost information in the table above, what is the amount of economic profit made or loss incurred at the quantity of TV repairs that profits are maximized or losses minimized? A) -$400
B) $800
C) -$100
D) $200
D
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As Sean's consumption of rice goes up, his
A) average utility from consuming rice increases. B) total utility from consuming rice increases. C) marginal utility from consuming rice increases. D) elasticity of utility from consuming rice increases.
In theory, when a local government receives a grant to finance a certain type of expenditure, it should spend more if the grant _____
a. is a matching grant rather than a categorical grant b. is a categorical grant rather than a matching grant c. is a general grant rather than a matching grant d. is a categorical grant rather than a matching grant
The expenditure multiplier acts on changes in investment spending, government purchases, net exports, and autonomous consumption
a. True b. False
Which of the following correctly orders, highest to lowest, the relative magnitudes of U.S. spending by businesses on components of R&D?
A. Invention, basic research, innovation. B. Invention, innovation, basic research. C. Innovation, invention, basic research. D. Basic research, invention, innovation.