The table above shows the demand and costs for a single-price monopolist. The firm will
A) maximize profit by producing 3 units.
B) maximize profit by producing 2 units.
C) operate on the inelastic portion of its demand curve.
D) operate on the unit elastic portion of its demand curve.
B
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Refer to Scenario 14.4. How much will the monopsonist pay each worker?
A) 0 B) 78 C) 83 D) 92 E) 100
If the Fed was trying to reduce demand-pull inflation, it might:
a. sell government securities, lower reserve requirements and lower the discount rate. b. sell government securities, raise reserve requirements and raise the discount rate. c. sell government securities, lower reserve requirements and raise the discount rate. d. buy government securities, lower reserve requirements and raise the discount rate.
In the United States today, households headed by single women are more likely to be poor than:
A. Hispanic males. B. black males. C. married families. D. All of these are true.
Which of the following would shift the saving schedule upward?
A. Consumer expectations of rising prices of products. B. Increased optimism about future incomes. C. A decrease in real interest rates. D. A decrease in wealth.