At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand curve, total revenue is:
a. greater than 1.
b. maximum.
c. less than 1.
d. equal to zero.
b
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Which of the following would encourage the development of new technologies?
a. Rising interest rates b. Reduced government subsidies for research and development c. Falling wages d. Increased tax rates on corporate profits e. Increased patent protection for inventions
Economists at which administrative department analyze data on workers and those looking for work to help formulate labor-market policies?
Refer to the following graph.
The maximum amount of good A can be consumed in this economy without trade is
A. F units. B. G units. C. Q units. D. P units.
If the price of A is $12 and the price of B is $3, the budget line tells us that a consumer in effect can trade:
A. 12 units of A for 3 of B. B. 1 unit of A for 4 of B. C. 1 unit of A for 3 of B. D. 1 unit of B for 4 of A.