Consider the monopoly depicted in Figure 8.14. Relative to the cost of producing the quantity the monopolist would choose under an average-cost pricing policy, the cost of producing Q4 units is:
A. less.
B. the same.
C. more.
D. twice as much.
Answer: A
Economics
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Assuming that Yd = $20,000 and C = $22,000, we would find that the average propensity to consume would be equal to
A) 0.8. B) 1.8. C) 1.1. D) 0.9.
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The Chairman of the fome is:
A. the President of the New York Fed. B. the Chairman of the Board of Governors. C. the Secretary of the Treasury. D. the Vice-Chairman of the Board of Governors.
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Why is a monopolist a price maker?
What will be an ideal response?
Economics
A firm will not shut down in the long run as long as the firm's revenue:
A. is larger than the firm's variable cost. B. is greater than the firm's marginal cost. C. is greater than the fixed cost. D. is less than the total cost.
Economics