Refer to the data for a nondiscriminating monopolist. This firm will maximize its profit by producing:
A. 3 units.
B. 4 units.
C. 5 units.
D. 6 units.
B. 4 units.
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The process where financial intermediaries create and sell low-risk assets and use the proceeds to purchase riskier assets is known as
A) risk sharing. B) risk aversion. C) risk neutrality. D) risk selling.
In the 1948-2012 data, the unemployment rate was highest in
A) 2009 B) 1991 C) 1975 D) 1982
Roger owns a small health store that sells vitamins in a perfectly competitive market. If vitamins sell for $12 per bottle and the average total cost per bottle is $12.50 at the profit-maximizing output level, then in the long run
a. more firms will enter the market. b. some firms will exit from the market. c. the equilibrium price per bottle will fall. d. average total costs will fall.
According to the classical dichotomy, which of the following is not influenced by monetary factors?
a. real GDP. b. real wages. c. real interest rates. d. All of the above are correct.