Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$3500.75$400$400$200Determine the change in the equilibrium level of consumption (find ?C) following a decrease in government spending from 400 to 300 (?G = -$100).
A. negative $400
B. positive $400
C. positive $300
D. negative $300
Answer: D
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The table above shows the demand and total cost schedule for a monopolist hotel. What is the marginal revenue from renting out the fifth room each night?
A) $111 B) $141 C) $151 D) $161
A monopoly firm always devotes some of its profits to research
a. True b. False Indicate whether the statement is true or false
When demand is elastic, an increase in price will cause
a. an increase in total revenue. b. a decrease in total revenue. c. no change in total revenue but an increase in quantity demanded. d. no change in total revenue but a decrease in quantity demanded.
If you sign up for a class and then drop it mid-semester, you must not have been making a rational choice when you were enrolling in classes.
Answer the following statement true (T) or false (F)