Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what is the most the monopoly would expend in rent-seeking activity?
A. $4,800
B. $5,600
C. $6,000
D. $8,400
Answer: C
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A discouraged worker ________ counted as officially unemployed and ________ counted as in the labor force
A) is; is B) is; is not C) is not; is D) is not; is not
The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) equals: a. 0.5
b. the multiplier. c. the slope of the consumption function. d. 1.0. e. the slope of the saving function.
The mean and the median are closely related concepts. The median is the numerical value separating the higher half of your data from the lower half. You can find the median by arranging all of the observations from lowest value to highest value and picking the middle value? (assuming you have an odd number of? observations). Although the mean and median are closely? related, the difference between the mean and the median is sometimes of interest.
Suppose country A has five families. Their incomes are ?$10 comma 00010,000?, ?$20 comma 00020,000?, ?$30 comma 00030,000?, ?$41 comma 00041,000?, and ?$49 comma 00049,000. Country? A's median income is ?$ 3000030000?, and its mean income is ?$ 3000030000.?(Round your responses to the nearest dollar.?) Suppose country B also has five families. Their incomes are ?$10 comma 00010,000?,?$20 comma 00020,000?, ?$30 comma 00030,000?, ?$41 comma 00041,000?, and ?$149 comma 000149,000. Country? B's median income is ?$ 3000030000?, and its mean income is ?$ nothing. ?(Round your responses to the nearest dollar.?)
If Mexico experiences a period of stable prices while the United States experiences rapid inflation, what will happen in the United States?
A. An increase in U.S. imports B. An increase in U.S. exports C. A decrease in U.S. imports D. An increase in U.S. net exports