An increase in a monopoly's fixed costs would cause its output to
a. rise.
b. fall.
c. stay the same.
d. impossible to predict.
C
You might also like to view...
Based on this figure, if the official value of krone is fixed at $0.09 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period. 
A. overvalued; decrease by 5,500 B. undervalued; increase by 2,000 C. undervalued; increase by 5,500 D. overvalued; decrease by 2,000
In 2008, Precision Pattern Interiors, which makes high-end aircraft interiors, began a $1 million renovation of a building at the Hutchinson Air Base Industrial Tract south of Yoder, Kansas
The company will also add some $400,000 in new equipment and triple its Yoder work force. Which of Precision Pattern Interiors' decisions is a short run decision? A) triple its Yoder work force B) $1 million renovation of a building at the Hutchinson Air Base Industrial Tract C) $400,000 in new equipment purchases D) All of these decisions are short run decisions.
Pollution taxes are paid out of the EPA Superfund in order to reduce automobile emissions
a. True b. False
An increase in the U.S. exchange rate will make U.S. exports.
A) less attractive to foreigners and imports from other countries less attractive to the United States. B) less attractive to foreigners and imports from other countries more attractive to the United States. C) more attractive to foreigners and imports from other countries more attractive to the United States. D) more attractive to foreigners and imports from other countries less attractive to the United States.