Refer to Scenario 12.3. What is the monopoly price of this new drink?
A) 0
B) $3
C) $13.50
D) $16.50
E) $27
D
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The long boom occurred in the
A) 1920s and 1930s. B) 1940s and 1950s. C) 1960s and 1970s. D) 1980s and 1990s.
Which of the following would likely be considered as a topic of microeconomics?
A) a nation's unemployment rate B) Gross Domestic Product C) the price of apples D) the effects of fiscal policy on the economy
The natural rate of unemployment has increased in the United States and Europe over the last twenty years. What are things that could account for this?
What will be an ideal response?
If a positive relationship exists between x and y:
A. an increase in x will cause y to decrease. B. a decrease in x will cause y to increase. C. the relationship will graph as an upsloping line. D. the vertical intercept must be positive.