Like competitive firms, monopolies choose to produce a quantity in which marginal revenue equals marginal cost
a. True
b. False
Indicate whether the statement is true or false
True
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International capital mobility refers to
A) the ease with which manufacturing equipment can be transported across countries. B) the ease with cash may be transferred from one country to another without having to be converted into a foreign currency. C) the ease with which investors move funds among international financial markets. D) the ease with which exchange rates may be adjusted to reflect changes in the relative economic strengths of countries.
The aggregate demand curve is Y = 15 - 0.2? when the inflation rate falls from 6 percent to 5 percent. Then, output increases from 13.8 to 17. The response of monetary policy to the inflation decline has been ________
A) autonomous tightening B) automatic adjustment C) autonomous easing D) to increase autonomous spending E) none of the above
A per-unit government subsidy to producers of a good tends to
A) reduce the supply of the good. B) increase the supply of the good. C) shift the supply curve to the left. D) not have any effect on the good's supply.
What's the firm's contribution margin per unit?
a. $12 b. $10 c. $8 d. $4