For the monopoly shown in the figure above, the profit maximizing price is ________ per unit
A) $10
B) $20
C) $30
D) $50
C
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GDP tends to overstate economic well-being because it takes into account:
A. All of the illegal activities conducted by organized crime in the economy B. Spending on intermediate goods that are used to produce final goods C. Total spending to deal with the adverse health effects of some products D. The personal labor time that car owners spend working on car repairs and maintenance of their vehicles
A merger between a firm extracting petroleum and a firm refining petroleum is a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
According to the classical model, if the government lowers its budget deficit, which of the following will occur?
a. The interest rate will rise, and consumption, investment and output will all decrease. b. The interest rate will fall, consumption and investment will increase, but output will not change. c. The interest rate will rise, and consumption, investment and output will all increase. d. The interest rate will fall, and consumption, investment and output will all increase. e. The interest rate will fall, consumption will not change, but investment and output will both increase.
What are the coordinates for the point on the MR curve?
a. P* and 0
b. P* and q"
c. MC and 0
d. MC and q*