Suppose the table below describes the demand for a good produced by monopolist.PriceQuantity$101$92$83$74$65$56$47Based on the data in the table, we know the firm should:
A. be able earn an economic profit.
B. not produce the seventh unit.
C. not produce the fifth unit.
D. produce more than 7 units.
Answer: B
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In the typical AC curve, the downward-sloping part is attributable to
A. spreading fixed costs over larger outputs and increasing returns to the variable inputs. B. declining administrative costs as output increases. C. falling fixed costs. D. rising total product.
If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in three years?
A) $155,000 B) $115,000 C) $120,000 D) $133,000
What separates a sterilized foreign exchange market intervention from an unsterilized intervention?
What will be an ideal response?
Managers can get workers to work longer hours by:
A. offering overtime pay. B. decreasing the hourly wage scale. C. offering a higher flat wage rate on all hours worked. D. None of the statements is correct.