A monopolist that operates along the elastic range of its demand will find that
A) its total revenue increases when price decreases.
B) its total revenue decreases when price decreases.
C) its marginal revenue is negative.
D) it is more profitable to operate along the inelastic range of the demand curve.
A
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The smaller the currency drain, the
A) smaller the increase in the quantity of money from an increase in reserves. B) more likely it is that the banking system will hold a larger proportion of excess reserves. C) the smaller the effect of a change in the discount rate. D) larger the increase in the quantity of money from an increase in reserves.
Savings bonds differ from most other bonds in that-
What will be an ideal response?
What does the structural stagnation hypothesis say about how soon the economy will return to its trend growth?
A. The economy has already returned to its previous trend growth rate. B. It will be a long time before the economy returns to its previous trend growth rate. C. The economy will never return to its previous trend growth rate. D. The economy will return to its previous trend growth rate soon.
If external costs are included and added to a firm's private costs, then
A) the demand curve will shift to the right. B) the demand curve will shift to the left. C) the supply curve will shift to the right. D) the supply curve will shift to the left.