Given the information in the table below, find the marginal utility and the total utility.
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Globalization and trade:
A. reduce inflation in the short run and in the long run. B. increase inflation in the short run but not in the long run. C. reduce inflation in the short run but not in the long run. D. reduce inflation in the short run but increase inflation in the long run.
The General Motors Acceptance Company (GMAC) is a
A) sales finance company. B) consumer finance company. C) business finance company. D) public finance company.
Which of the following is not generally true about a profit-maximizing monopolist? a. The monopolist faces a perfectly elastic demand curve
b. The monopolist can potentially continue to earn economic profits in the long run. c. The monopolist charges a price that exceeds marginal cost. d. The monopolist chooses output where marginal revenue equals marginal cost.
When the court determines that a firm's size alone is sufficient to find that it violated antitrust laws, this criterion is called
a. countervailing power b. economies of scale c. per se d. rule of reason e. natural monopoly