In general, the quantity that maximizes revenue for the monopolist
A) is greater than the quantity that maximizes profit.
B) is less than the quantity that maximizes profit.
C) is the same as the quantity that maximizes profit.
D) is illegal according to anti-trust statutes.
A
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The total utility from consuming five cups of coffee is 15, 27, 37, 46, and 54 utils, respectively. The marginal utility of the fourth cup of coffee is: a. 48. b. 54. c. 9
d. 6.
If the government decreases the income tax rate, they assume it will affect which component of GDP?
A. C B. NX C. G D. A change to the income tax rate will not affect any of these components.
Decreases in aggregate demand move the economy down the short run aggregate supply and up the Phillips Curve
a. True b. False Indicate whether the statement is true or false
Which of the following schools of thought advised against fine-tuning, due to our limited understanding of the economy?
A) Monetarist B) Keynesian C) New Keynesianism D) New growth E) Neoclassical