A monopolist's cost curves may shift down because
a. large-scale input purchases may permit the monopolist to take quantity discounts.
b. of advertising expenditure.
c. competitors are pushed out of the market.
d. of bureaucratic inefficiencies.
a
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A local theater charges $5.00 for every matinee (daytime) ticket, but the ticket prices are much higher during the evening. This is an example of
A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) bundling. E) none of the above
An appreciation of the Japanese yen would shift the Japanese aggregate demand curve inward
a. True b. False Indicate whether the statement is true or false
The larger the mpc, the ________ the income-expenditure multiplier and the ________ the effect of a change in autonomous spending on short-run equilibrium output.
A. smaller; smaller B. smaller; larger C. larger; smaller D. larger; larger
In the U.S. economy, rents are the smallest source of household income.
Answer the following statement true (T) or false (F)