The supply curve for a pure monopolist:
A. is the portion of the marginal cost curve that lies above the average variable cost curve.
B. is perfectly price-elastic at the market price.
C. does not exist because there is no fixed relationship between price and quantity supplied.
D. is upsloping across all relevant ranges of output.
Answer: C
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The Table 10.2 below shows net cash flows for 3 mutually exclusive projects from which a company can choose. Each project requires an investment in the first year, then produces a positive net cash flow for each of the following four years. Assuming an interest rate of 5%, which project would the company choose? Does the best project have the highest total net cash flow? The shortest payback period?
What will be an ideal response?
Which of the following statements is true concerning the trend in hospital care between in-patient and out-patient services since the mid-1980s?
a. Both have been declining. b. Out-patient services have been static while in-patient services have been declining. c. Out-patient services have increased substantially because admissions are down. d. Both have been growing. e. There has been no noticeable trend in either in-patient or outpatient services.
Two years ago Darryl put $3,000 into an account paying 3 percent interest. How much does he have in the account today?
a. $3,180.00 b. $3,182.70 c. $3,183.62 d. None of the above are correct to the nearest cent.
Refer to the information provided in Figure 27.3 below to answer the question(s) that follow.
Figure 27.3Refer to Figure 27.3. Assume the economy is currently at Point A on aggregate supply curve AS1. A decrease in inflationary expectations that causes firms to decrease their prices
A. moves the economy to Point C on aggregate supply curve AS1. B. moves the economy to Point B on aggregate supply curve AS1. C. shifts the aggregate supply curve to AS0. D. shifts the aggregate supply curve to AS2.