Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. What is the profit-maximizing/loss-minimizing output level?
A) 630 units
B) 800 units
C) 850 units
D) 880 units
A
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Refer to Figure 12-9. At price P3, the firm would
A) lose an amount less than fixed cost. B) lose an amount more than fixed cost. C) break even. D) lose an amount equal to its fixed cost.
In the open-economy macroeconomic model, the source of the supply of loanable funds is
a. personal saving b. public saving c. public saving + personal saving d. public saving + personal saving + net capital outflows
Average total cost for an information product would
A. increase constantly as quantity increases. B. decrease constantly as quantity increases. C. remain constant as quantity increases. D. first decrease and then increase as quantity increases.
If a subsidy (going to consumers) is created for a good, this would
A. move its demand curve to the left. B. move its demand curve to the right. C. cause a movement along the demand curve to a (lower price, higher quantity) point. D. cause a movement along the demand curve to a (higher price, lower quantity) point.