Suppose a monopolist faces the following demand curve.
The marginal revenue of the 35th unit of output is:
A. $10.
B. $?5.
C. $0.
D. $20.
Answer: C
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Answer the following statement true (T) or false (F)
Deflation refers to
A) a falling price level. B) a decrease in the rate of inflation. C) Both A and B are correct. D) None of the above is correct.
In economics, "capital" refers to
a. money b. stocks, bonds, and other financial assets c. the seat of government d. machines, buildings, tools, and knowledge e. net worth (assets minus liabilities)
The Fed
A) can examine the books of a member bank without warning. B) can examine the books of a member bank after giving advance notice. C) can examine the books of a member bank with the bank's permission. D) is never allowed to see the books of a privately owned bank.