Using the information in the table shown, the marginal revenue of the 6th unit is:
This table represents the revenues faced by a monopolist.
A. $0
B. $200
C. $3,000.
D. $500.
A. $0
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Refer to Figure 10-3. Best friends Laurel and Hardy both enjoy watching romantic comedies and science fiction movies. Based on the diagrams above what can you conclude about their movie preferences?
A) The diagrams do not provide any information about relative preferences. B) They have identical movie preferences. C) Hardy enjoys romantic comedies more than Laurel. D) Hardy enjoys science fiction movies more than Laurel.
Suppose that the Federal Reserve issued bonds in the amount of $45 million and the reserve requirement was 10%, what would be the resulting change to the monetary base?
A) $45 million B) $450 million C) $4.5 million D) The bond issuance would not impact the monetary base only the money stock.
The federal budget deficits of the 1980s
A. are about the same as those of earlier decades. B. caused the government debt to increase in absolute terms but not as a percent of GDP. C. were due to the persistent recession that occurred throughout the 1980s. D. were caused by rising expenditures and tax cuts.
An increase in production possibilities is known as
A. Economic growth. B. Factor expansion. C. Upward mobility. D. Predictable growth.