A price-discriminating monopolist having identical costs in two markets should charge a higher price in that market
a. which has a higher demand.
b. which has a more elastic demand.
c. which has a less elastic demand.
d. which has a higher marginal revenue.
c
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If a $5,000 face-value discount bond maturing in one year is selling for $5,000, then its yield to maturity is
A) 0 percent. B) 5 percent. C) 10 percent. D) 20 percent.
If the overall price level increases, it will cause a decrease in the quantity of real goods and services demanded but not a change in aggregate demand curve
a. True b. False Indicate whether the statement is true or false
An oligopolist producing where MR > MC should lower its price and increase output to maximize its profits.
Answer the following statement true (T) or false (F)
When indifference curve analysis is used, a consumer optimum occurs at the point at which
A) the indifference curves intersect. B) the indifference curve is tangent to the budget line. C) total utility is maximum. D) marginal utility/price ratio of all goods consumed is equal.