Which of the following is most appropriately measured along one axis of the production possibilities frontier diagram?
a. the quantity of a produced good
b. the price of a produced good
c. the quantity of natural resources
d. the state of technology
e. society's welfare and satisfaction
A
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Suppose the table below describes the demand for a good produced by monopolist.PriceQuantity$101$92$83$74$65$56$47The monopolist's total revenue from selling 3 units is ________, and the monopolist's marginal revenue from selling the 3rd unit is ________.
A. $24; 8 B. $24; 6 C. $28; 8 D. $52; 1
If prices in the U.S. rise faster than prices in the United Kingdom, then according to the doctrine of purchasing-power parity the U.S. nominal exchange rate should rise
a. True b. False Indicate whether the statement is true or false
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
Describe two historic legal cases to contrast the two different views of antitrust laws. One case would support the behavior list view of antitrust laws. The other case would support the structuralism views of the antitrust laws
What will be an ideal response?