Refer to the table below for a monopolist. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist sold 4 units, then total revenue would be:
The following question is based on the demand and cost data for a pure monopolist given in the table below.
A. $600
B. $900
C. $1000
D. $1400
B. $900
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Refer to Figure 19-4. The equilibrium exchange rate is at A, $3/pound. Suppose the British government pegs its currency at $4/pound. Speculators expect that the value of the pound will drop and this shifts the demand curve for pounds to D2
After the shift, A) there is a surplus of pounds equal to 400 million. B) there is a shortage of pounds equal to 600 million. C) there is a shortage of pounds equal to 200 million. D) there is a surplus of pounds equal to 600 million. E) there is a shortage of pounds equal to 400 million.
Which of the following is not a potential source of monopoly?
a. patents b. economies of scale c. competitive tactics d. civil rights
Which of the following is correct? The natural rate of unemployment
a. is a zero unemployment rate. b. has been steady at 3 percent over the past decade. c. is defined by Friedman as that rate of unemployment "in which everyone who wants a job can have a job." d. is the unemployment rate that exists in the long-run. e. None of the above
The balance on goods and services is the same as the balance on the current account
a. True b. False Indicate whether the statement is true or false