If the demand curve for a firm's output is P=100-2Q, the marginal revenue curve will be
A. MR=50-Q.
B. MR-100-2Q.
C. MR*=P*.
D. MR=100-4Q.
Answer: D
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When a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium, marginal cost must lie below average total cost
a. True b. False Indicate whether the statement is true or false
If the American company Stryker builds and operates a new factory in France,
a. it engages in foreign direct investment. By itself this action lowers U.S. net capital outflow. b. it engages in foreign direct investment. By itself this action raises U.S. net capital outflow. c. it engages in foreign portfolio investment. By itself this action lowers U.S. net capital outflow. d. it engages in foreign portfolio investment. By itself this action raises U.S. net capital outflow.
Refer to Figure 18.1. Which of the following would most likely cause a shift from AD1 to AD2?
A. A decrease in the money supply through open market operations. B. An increase in transfer payments because of a recession. C. A decrease in government spending. D. An increase in the tax rate.
A monopolist is currently maximizing profits. In addition, if P > ATC > MC, then the monopolist
A. is covering total fixed costs but not total variable costs. B. is covering total variable costs but not total fixed costs. C. just breaks even. D. earns positive economic profits.