The profit-maximizing monopolist will never operate in a price range over which
A) the demand curve slopes downward.
B) demand is inelastic.
C) P > MR.
D) P > MC.
B
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When real rates of interest are negative, borrowers:
A. benefit, because the value of their debt declines. B. suffer, because the value of their debt declines. C. benefit, because the value of their debt increases. D. suffer, because the value of their debt increases.
In summary, many of the government's farm programs are an attempt to shift the
a. demand curve for farm goods to the right b. demand curve for farm goods to the left c. supply curve for farm goods to the left d. supply curve for farm goods to the right e. supply and demand curves for farm goods to the right
Exhibit 15-1 Production possibilities curves
In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. If both countries specialize in one good and trade for the other, :
A. Nabia and Pada will be able to consume at a point to the right of their respective production possibilities curves. B. Nabia will be able to consume, at the most, the combination represented by point A. C. Pada will be able to consume, at the most, the combination represented by point B. D. the citizens of Nabia will consume only corn and the citizens of Pada will consume only wheat.
In 2016, if you earned $200,000 in income, you would pay approximately __________ in taxes to fund Social Security; if you earned $1,000,000 in income, you would pay approximately __________ in taxes to fund Social Security.
A. $94,200; $913,200 B. $14,700; $73,500 C. $7,350; $7,350 D. $12,400; $62,000