For a monopolist, marginal revenue is
a. positive when the demand effect is greater than the supply effect.
b. positive when the monopoly effect is greater than the competitive effect.
c. negative when the price effect is greater than the output effect.
d. negative when the output effect is greater than the price effect.
c
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Ceteris paribus means "Let the buyer beware."
Indicate whether the statement is true or false
Which of the following is an example of capital?
a. pizza ovens b. bulldozers c. a college education d. carpentry skills e. all of the above
Which of the following could cause nominal GDP to decrease, but real GDP to increase?
A) The price level rises and the quantity of final goods and services produced rises.
B) The price level falls and the quantity of final goods and services produced falls.
C) The price level rises and the quantity of final goods and services produced falls.
D) The price level falls and the quantity of final goods and services produced rises.
The World Bank primarily engages in
A. long-term lending aimed at helping developing nations' governments and businesses make investments that will contribute to economic growth. B. short-term lending aimed at helping developing nations repay debt accumulated in past years. C. short-term lending aimed at helping developing nations repay loans from the International Monetary Fund. D. long-term lending aimed at helping developing nations' governments and central banks keep exchange rates from varying.