Dee's TV Repair is the only TV repair shop in a small town. Dee is a single-price monopolist. Based on the demand and cost information in the table above, what quantity of TV repairs should Dee undertake?
A) 0 per week
B) 10 per week
C) 20 per week
D) 30 per week
C
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What are the features of a Cobb-Douglas production function?
What will be an ideal response?
At an interest rate of 5 percent, the present value of $1,000 to be received three years from today is
A) less than $875. B) between $875 and $925. C) between $925 and $975. D) more than $975.
Which of the following is a part of the Global Legal Settlement of 2002?
A) The establishment of a Public Company Accounting Oversight Board (PCAOB) to supervise accounting firms and thus insure that audits are independent and controlled for quality. B) Increased penalties for white-collar crime and obstruction of official investigations. C) Requires a CEO and CFO to certify that periodic financial statements and disclosure of the firm are accurate. D) Requires investment banks to make public their analysts' recommendations.
"Tying" is a form of price discrimination which involves a buyer
A) agreeing to purchase a product at a fixed price regardless of the amount purchased. B) paying different prices based on the amounts of a product purchased. C) required to buy one product in order to purchase some other product. D) All of the above