The decision to innovate
A) depends on the marketing department's needs.
B) depends on whether the firm wants to benefit its customers.
C) is based on the marginal cost and the marginal revenue of innovation.
D) is unnecessary in a monopolistically competitive market.
E) None of the above answers is correct.
C
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During the Christmas shopping season, the demand for money increases significantly. To offset the increase in money demand, the Fed must ________ the money supply, which will put ________ pressure on nominal interest rates.
A. decrease; downward B. increase; upward C. decrease; upward D. increase; downward
In a perfectly competitive market, the process of entry and exit will end when firms face
a. marginal revenue equal to long-run average total cost. b. total revenue equal to average total cost. c. average revenue greater than marginal cost. d. accounting profits equal to zero.
?Strawberries (pounds) 
Consider the above table. Assuming the government imposes a price floor on strawberries of $8 per pound, what would be the likely result?
A. No change, equilibrium would prevail. B. a shortage of 2,000 pounds of strawberries C. The quantity demanded of strawberries would fall to zero. D. a surplus of 2,000 pounds of strawberries
Refer to the diagram of the market for money. The downward slope of the money demand curve D m is best explained in terms of the:
A. transactions demand for money.
B. direct or positive relationship between bond prices and interest rates.
C. asset demand for money.
D. wealth or real-balances effect.