The accompanying figure shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist.
This monopolist maximizes its profit by producing ________ units per day and charging a price of ________ per unit.
A. 4; $18
B. 8; $6
C. 8; $14
D. 4; $6
Answer: A
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Use the following graphs to answer the next question.
In the graphs, the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point C on the investment demand curve. To achieve the long-run goal of a noninflationary, full-employment output of Qf in the economy, the Fed should try to ________.
A. decrease aggregate demand by increasing the interest rate B. increase aggregate demand by increasing the interest rate C. make no change in the interest rate D. increase aggregate demand by decreasing the interest rate
The term "bilateral monopoly" refers to market situations in which
a. there are two participants on the selling side. b. there are two participants on the buying side. c. there is a monopoly on the selling side and a monopsony on the buying side. d. a monopoly has evaded antitrust laws.
What is the type of companies that provide services by linking individuals to others with similar interests or to companies that sell certain products?
A. not-for-profit firms B. government agencies C. non-transaction firms D. platform firms
Refer to the information provided in Table 25.4 below to answer the question(s) that follow.Table 25.4
Refer to Table 25.4. First Charter Bank could make additional, first round loans of $400,000 if the required reserve ratio were
A. 12%. B. 10%. C. 8%. D. 7.5%.