The maximum profit for a single-price monopoly is found when the firm produces the level of output so that
A) marginal revenue equals marginal cost.
B) price equals marginal cost.
C) it can charge the highest possible price.
D) marginal revenue exceeds marginal cost by as much as possible.
E) total revenue equals total cost.
A
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Which of the following is a prerequisite for sustainable economic growth?
A) Private foreign investment B) A literate populace C) Aid provided by international agencies D) An easy monetary policy E) An abundance of natural resources
The standard of living in a nation depends on
A) how well its economy functions relative to other countries. B) the size of the country, with larger nations always doing better than smaller ones. C) how well the economy functions within that country. D) whether or not its currency is adopted as the world's monetary standard.
The slowing of the American economy in 2008-2009 gave businesses a strong incentive to raise capital investment
a. True b. False Indicate whether the statement is true or false
Which of the following changes in the price index produces the greatest rate of inflation: 106 to 112, 112 to 118, or 118 to 124?
a. 106 to 112 b. 112 to 120 c. 118 to 126 d. All of these changes produce the same rate of inflation.