A monopolist's marginal cost is less than the price it charges.
Answer the following statement true (T) or false (F)
True
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In the above figure, when real disposable income equals 600
A) there is dissaving. B) real disposable income exceeds consumption. C) consumption is less than disposable income. D) consumption equals real disposable income.
In a graph of choice sets, a price change affects the ratio but does not affect the budget line.
Answer the following statement true (T) or false (F)
If net interest and net transfers are $0, and a nation's purchases of foreign goods and services are $3.5 billion while its sales of goods and services to foreigners are $4.5 billion
A) it has a $1 billion surplus in its balance of payments. B) it has a $1 billion deficit in its current account. C) it has a $1 billion surplus in its current account. D) its capital and financial account shows a surplus.
A less advanced country can improve its productivity by:
a. repurposing b. imitating c. reusing d. redeveloping