Successive downward movements along the demand curve for the product of a monopolist always generate successive
A) increases in the monopolist's marginal revenue.
B) increases in the monopolist's average total costs.
C) decreases in the additional per-unit costs incurred by the monopolist.
D) decreases in the additional per-unit revenues earned by the monopolist.
Answer: D
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A sustained change in the monetary growth rate will
A) immediately affect equilibrium real money balances by raising the money interest rate. B) eventually affect equilibrium nominal money balances by raising the money interest rate. C) eventually affect equilibrium real money balances by reducing the money interest rate. D) eventually affect equilibrium real money balances by raising the real interest rate. E) eventually affect equilibrium real money balances by raising the money interest rate.
Deregulation has contributed to
A) an increase in union membership. B) declines in union membership. C) higher wages in unions. D) an increase in union power.
In a perfectly competitive capital market, when the firm's marginal revenue product of capital exceeds the market interest rate, the
a. firm is maximizing profit b. firm should increase its quantity demanded of loanable funds c. firm should decrease its quantity demanded of loanable funds d. capital market is in equilibrium e. firm should reduce the rate of interest
At which of the following did the major countries of the world agree to intervene in the foreign exchange markets to lower the value of the U.S. dollar?
A. Plaza Agreement B. Bonn Summit C. Louvre Accord D. Bretton Woods