A monopolist will always enlarge its revenues by selling more output
a. True.
b. False.
B
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Everything else held constant, when the current value of the domestic exchange rate increases, the ________ of domestic assets ________
A) quantity supplied; does not change B) supply; decreases C) quantity supplied; increases D) supply; increases
All of the following are point sources, EXCEPT
a. publicly-owned treatment works (POTW) b. factory smokestack b. recreational motor boat d. urban runoff
Miguel receives a pay raise at his part-time job from $7.50 to $9 per hour. He used to work 10 hours per week, but now he decides to work 12 hours per week. For this price range, his labor supply curve is
a. vertical. b. horizontal. c. upward sloping. d. backward sloping.
Once decreasing marginal returns sets in a production process ________ declines
a. total revenue b. total product c. average product d. marginal product