High unemployment and high rates of inflation are examples of coordination successes
a. True
b. False
Indicate whether the statement is true or false
False
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Using the information in the table shown, the average revenue for 5 units is:
This table represents the revenues faced by a monopolist.
A. $600
B. $300
C. $3,000
D. $120
A change in demand cannot be caused by a change in:
a. tastes. b. population. c. the prices of other goods. d. expectations of future prices. e. the price of the good itself.
Union shops are subject to potential competition
A. Since striking union members may be ordered back to work by the president. B. From replacement or substitute workers. C. Since most union members do not take strikes seriously. D. Because some union shop workers refuse to join the union.
Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . A change from TC 0 to TC 1 could be caused by:
A. a decrease in extraction costs.
B. an increase in user costs.
C. an increase in the price of the resource.
D. a decrease in the price of the resource.