The marginal revenue curve for a monopoly firm starts at the same point on the vertical axis as the (i) average revenue curve. (ii) marginal cost curve. (iii) demand curve
a. (i) only
b. (i) and (ii) only
c. (i) and (iii) only
d. (iii) only
c
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An investment option is profitable if:
A) its net present value is zero. B) its net present value is positive. C) its net present value is negative. D) its present value is negative
Which of the following factors is fixed in the long run?
A) capital B) land C) entrepreneurship D) none of the above because all factors are variable in the long run
According to the graph shown, the original world price is _______ and the amount of the tariff is _________.
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. $100; $30
B. $100; $130
C. $175; $45
D. $215; $115
If the interest rate decreases, there will be
a. a movement leftward from one point on the money demand curve to another point on the same curve b. no change in the quantity of money demanded c. a leftward shift of the entire money demand curve caused by a demand shock d. a rightward shift of the entire money demand curve e. a movement rightward from one point on the money demand curve to another point on the same curve