Suppose that the profit maximizing level of output for the monopolist is 10 units, and price = $50, ATC = $35, and AVC = $25. What is the monopoly's profit?
A) $50
B) $150
C) $250
D) $500
Answer: B
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How much do deposits and loans increase for the banking system when the process is completed?
The GDP growth rate is report at annualized rate. This means each quarter’s growth rate is ______ and reported as if the economy had the same growth rate for the entire year.
a. divided by 12 b. multiplied by 4 c. divided by 4 d. multiplied by 12
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a. magnifier b. creator c. multiplier d. compounder
In a long-run equilibrium, the marginal firm has
a. price equal to average total cost. b. total revenue equal to total cost. c. economic profit equal to zero. d. All of the above are correct.