Refer to the figure above. What is the profit-maximizing price for the monopolist?
A) $3
B) $4
C) $5
D) $6
D
You might also like to view...
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
A nation's real GDP was $250 billion in 2014 and $265 billion in 2015. Its population was 120 million in 2014 and 125 million in 2015. What is its real GDP per capita in 2015?
A. $2,120 per person B. $212 per person C. $205 per person D. $21,200 per person
In the Monetarists' view, a one-time increase in the price level results from a(n)
A) technological improvement. B) increase in the labor force. C) supply shock. D) interest-rate increase.
If all decisions makers had rational expectations and their expectations were correct, would the Phillips curve be vertical or horizontal in the short-run? Explain why