The demand curve for an individual monopolist:
a) Does not exist.
b) Is the same as the marginal revenue curve.
c) Slopes upward to the right.
d) Is the same as the market demand curve.
Ans: d) Is the same as the market demand curve.
You might also like to view...
As a person increases his or her caloric intake, the person's weight increases, ceteris paribus. The relationship between the person's caloric intake and the person's weight is an example of
A) unrelated variables. B) a positive relationshi
In New York, a welfare recipient can earn $90 per month without having her benefits reduced. Beyond $90, benefits are reduced by 57 cents for every dollar of earnings. Consider Jackie, a resident of New York, who can earn $10 per hour. If she does not work at all, she is eligible for welfare benefits of $577.
(A) If she works 10 hours, how much are her work earnings, how much is her welfare benefits, and how much is her total income? (B) After Jackie works a certain number of hours, she does not receive any benefits at all. What is that number of hours?
A firm experiencing constant economies of scale will have a long-run average cost curve that is:
a. upward sloping b. vertical c. downward sloping d. horizontal
Which of the following policies could the Fed use to lower the interest rate?
a. A tax cut. b. Selling government securities. c. Raising the discount rate. d. Reducing the required reserve ratio.