Based on the graph showing equilibrium output and price for a monopolist, monopolists should boost production when ______.
a. MR + MC=0
b. MR < MC
c. MR = MC
d. MR > MC
d. MR > MC
You might also like to view...
High-powered money minus reserves equals
A) reserves. B) currency in circulation. C) the monetary base. D) the nonborrowed base.
If aggregate supply keeps decreasing while aggregate demand does not change, there will come at time when
a. demand-dull inflation will occur b. cost-push inflation will occur c. demand-push inflation will occur d. cost-pull inflation will occur e. the economy will reach full employment
When Ukraine trades with Italy,
a. both countries are likely made better off. b. only Italy benefits since Ukraine can produce all goods at a higher level of quality than Italy. c. only Ukraine benefits since Italy's low wages guarantee that Italian firms will be profitable regardless of trade. d. neither country will benefit since Ukraine is more efficient than Italy in the production of all goods.
If lenders think that a particular borrower might default, they will demand a:
A. higher interest rate to decrease the amount of risk incurred. B. lower interest rate to decrease the amount of risk incurred. C. higher interest rate to make it worth taking that risk. D. lower interest rate to make it worth taking that risk.