XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers its total revenue is $1,000, and if it sells three color printers its total revenue is $1,400. The marginal revenue of the third color printer sold is
A. $200.
B. $300.
C. $400.
D. $1,300.
Answer: C
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GDP is used in an attempt to
A) calculate the profitability of a country. B) measure the economic performance of a country. C) determine the overall well-being of a country. D) figure out the prices of all goods and services exchanged in the legal economy. E) guide entrepreneurs toward more profitable investment decisions.
Eastern Europe is an information-__________ environment, which __________ the use of securities markets for large-firm financing
A) poor; encourages B) poor; discourages C) rich; encourages D) rich; discourages
If you own 10% of the shares of a corporation's stock, and the corporation is expected to earn $9 million a year in after-tax profits forever, and the interest rate is 0.05, what is the value of your shares?
a. $18 million b. $900,000 c. $9 million d. $6 million e. $180 million
Sean Malloy made $360,000 in 2002, the base year. By 2006 he was earning $480,000. If the CPI rose 120 by 2006, how much were his real wages that year, and by what percentage had they changed?
What will be an ideal response?