A firm's trademark is protected from misuse if it is registered with the
A. F.D.A.
B. U.S. Patent and Trademark Office.
C. F.C.C.
D. U.S. Supreme Court.
Answer: B
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Holding all else constant, an increase in the real interest rate on U.S. assets will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; increase B. decrease; decrease C. increase; decrease D. decrease; increase
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should:
A) continue to produce the level of output at which marginal revenue equals marginal cost. B) increase output to minimize its losses. C) reduce output to the level at which price equals average variable cost to minimize its losses. D) shutdown to minimize its losses.
If the quantity demanded of good x rises by 3% and, in response, your income goes up by 2%, the income elasticity of demand would be:
a. 1.5 b. 6 c. 3 d. .20
A monopolist always produces on the elastic portion of the demand curve
a. True b. False Indicate whether the statement is true or false