From the demand side, the equilibrium level of GDP is one at which
a. everyone who wants a job has one and firms are not looking for extra workers.
b. the only unemployment is frictional.
c. aggregate demand equals production.
d. the only unemployment is cyclical.
c
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The table above shows the demand and costs for a single-price monopolist. The firm can maximize its profit by setting its price at
A) $30 per unit. B) $35 per unit. C) $40 per unit. D) $45 per unit.
The "corporate takeover market" plays a part in handling the conflict between management and __________ in __________-oriented financial systems
A) bankers; markets B) bankers; banking C) stockholders; markets D) stockholders; banking
If a firm is a price taker, its marginal revenue is:
a. equal to market price. b. less than market price. c. greater than market price. d. a multiple of market price that may be either greater than or less than one.
Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
A. leftward shift in the demand curve for DVD players. B. upward movement along the demand curve for DVD players. C. rightward shift in the demand curve for DVD players. D. downward movement along the demand curve for DVD players.