Statistics show that the less developed a country is
A. the larger is the share of industrial output in its total output.
B. the larger is the GDP.
C. the larger is the per capita income.
D. the larger is the share of agricultural output in its total output.
Answer: D
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Fixed investment is typically ________
A) smaller than inventory investment B) calculated as the change in holdings of raw materials and finished goods C) planned spending on equipment, structures, and new residential housing D) all of the above E) none of the above
What is a better pricing strategy for the monopolist? At this price, what are the total profits to the monopolist?
a. Bundle the goods at $4,500 . Profits=$9,000 b. Bundle the goods at $6,000 . Profits=$12,000 c. Bundle the goods at $5,000 . Profits=$10,000 d. Bundle the goods at $9,500 . Profits=$19,000
According to the textbook application, the Chesapeake Bay
a. has been deteriorating for decades b. is the largest estuary in North America c. has been addressed by a recent presidential executive order d. all of the above e. none of the above
A monopoly produces X at a marginal cost of $20 per unit and charges a price of $50 per unit. Determine the elasticity of demand at the profit-maximizing price of $50.
A. ?0.5 B. .67 C. ?.6 D. There is insufficient information to determine the monopoly's price elasticity of demand.