A single-price monopolist maximizes profits by producing the output at which
A) price equals marginal cost.
B) price equals marginal revenue.
C) marginal revenue equals marginal cost.
D) marginal cost equals average cost.
C
You might also like to view...
Spending on goods from a country will ________ as the value of its currency gets cheaper against the U.S. dollar.
A. decrease B. increase C. reverse D. go to other countries
Goodwill can be a source of comparative advantage.
Answer the following statement true (T) or false (F)
An increase in U.S. exports to Mexico increases the ________ for U.S. dollars and increases the ________ of pesos.
A. supply; demand B. supply; supply C. demand; demand D. demand; supply
Refer to the given data. The size of the negative GDP gap as a percent of potential GDP for the economy is:
Answer the question on the basis of the following information for a specific year in a
hypothetical economy for which Okun's law is applicable:
A. 6 percent.
B. 9 percent.
C. 12 percent.
D. 15 percent.