Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist?
A) 14
B) 19
C) 25
D) 30
C
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Based on the table above, equilibrium real GDP is
A) $6 trillion. B) $7 trillion. C) $9 trillion. D) $8 trillion. E) $10 trillion.
Since Regulation Q has been abolished, there have been doubts raised about the size of the effect of the ________ channel
A) balance sheet B) bank lending C) cash flow D) unanticipated price level
Consider the labor market for short-order cooks. A shortage in the availability of frying pans will cause
a. both equilibrium wages and equilibrium employment to increase. b. both equilibrium wages and equilibrium employment to decrease. c. equilibrium wages to increase and equilibrium employment to decrease. d. equilibrium wages to decrease and equilibrium employment to increase.
Proprietary technology is technology that is
a. widely used because it is easy to learn. b. widely used because the government subsidizes its use. c. not widely used because people could, but have not, taken the time to learn how to apply it. d. not widely used because it is known or controlled only by the company that discovered it.