A monopolist can sell 300 units of output for $45 per unit. Alternatively, it can sell 301 units of output for $44.60 per unit. The marginal revenue of the 301st unit of output is
a. -$120.00.
b. -$75.40.
c. -$0.40.
d. $75.40.
b
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Suppose there are only two goods, food and clothing, with food measured on the vertical axis. If the price of clothing changes, holding all else constant,
a. the budget line undergoes a parallel shift to the right b. the budget line undergoes a parallel shift to the left c. a new point of utility maximization will be reached d. the budget line becomes flatter e. the slope of the budget line remains constant
The maximin criterion is attributed to which political philosophy?
a. utilitarianism b. liberalism c. libertarianism d. repubicanism
Based on your sketch, is the good a normal or inferior good?
What will be an ideal response?
Foreign direct investment that takes the form of a new startup facility is called:
a. acquisition FDI. b. greenfield FDI. c. intermediary FDI. d. brownfield FDI.