The above table gives the demand schedule for a single-price monopoly. The marginal revenue first becomes negative when going from
A) 1 unit to 2 units.
B) 2 units to 3 units.
C) 3 units to 4 units.
D) 4 units to 5 units.
E) None of the above; the total revenue is always positive so the marginal revenue must always be positive.
D
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The volatility of stock prices, particularly in the short-run, may, according to Professor S. Grossman, be due to
a. large numbers of stockholders fearful of losing wealth who sell at some predetermined level. b. some traders being better informed than others about real financial conditions. c. either or both of the above. d. the increasing use of stock options as compensation for corporate executives.
Everything else equal, how will a decrease in the interest rate in Mexico affect Mexico's GDP?
What will be an ideal response?
A relatively large increase in the cost of electricity would likely
A. result in a large increase in the use of gas for home use immediately. B. cause an immediate large decline in the use of electricity. C. increase the use of gas and decrease the use of electricity after a time lapse. D. cause an equal reduction in the use of electricity immediately.
"Discouraged workers" are officially considered ________ the labor force and ________
A) in, unemployed B) in, not unemployed C) not in, unemployed D) not in, not unemployed