An individual who acquires a bond from a corporation
a. lends money to the corporation.
b. borrows money from the corporation.
c. buys part of the corporation.
d. promises to pay part of any debts of the corporation.
a
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How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue and marginal costs?
A. The profit-maximizing level of output will be where marginal cost is greatest over marginal revenue B. The profit-maximizing level of output will be where marginal revenue is greatest over marginal cost C. The profit-maximizing level of output will be where marginal revenue intersects marginal cost D. Cannot be determined
What is the name of the monopolist having a declining long-run average cost throughout the market?
a. Monopolistic competition. b. Monopoly by legal barrier. c. Natural monopoly. d. Contrived monopoly.
If the marginal propensity to consume (MPC) is 0.75, a $50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:
a. increase by $50. b. decrease by $50. c. increase by $200. d. decrease by $200.
Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket PriceMinimum Acceptable Price1$14$8$2212843108648885681064814What is the value of economic surplus in the table above?
A. $8 B. $24 C. $12 D. $0