A parking lot in a busy downtown district is experimenting with its pricing strategy to figure out where it should price its spaces. Which of the following strategies should it implement?
a. Increase parking rates if the lot fills up much earlier than 9am
b. Decrease parking rates if the lot doesn't fill up until much after 9am
c. If the lot fills up right around 9am the price is right
d. All of the above
d
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If a nation exports a product, then the price of that product in the nation
A. will rise above the domestic (no-trade) equilibrium price. B. may either rise or fall, depending on the product. C. will fall below the domestic (no-trade) equilibrium price. D. will remain the same as the domestic (no-trade) equilibrium price.
If the dollar depreciates, it can be said that
a. foreign countries no longer respect the United States. b. it falls in value within the United States. c. it takes fewer dollars to buy foreign currencies. d. other currencies appreciate.
In the long-run equilibrium of a market with free entry and exit, marginal firms are operating
a. at the point where average variable cost equals marginal cost. b. at the minimum point on their marginal cost curves. c. at their efficient scale. d. where accounting profit is zero.
Consider the monopoly in the figure below with price regulated at $20 per unit. In this market, ________ units will be exchanged. 
A. 50 B. 42 C. 25 D. 10