Refer to Figure 15-6. The monopolist's total cost is
A) $1,116. B) $1,240. C) $1,660. D) $1,726.40.
B
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Price elasticity of supply is defined as
A) the quantity supplied divided by the quantity demanded. B) the change in the quantity supplied divided by the change in the quantity demanded. C) the percentage change in the quantity supplied divided by the percentage change in price. D) the percentage change in the quantity supplied divided by the percentage change in the quantity demanded.
Which of the following is true of depository institutions? a. Depository institutions seek to maximize profits
b. Depository institutions do not seek to maximize profits. c. Depository institutions do not make loans. d. Depository institutions make loans. e. Depository institutions receive funds primarily through customer deposits
Which one of the following will shift the investment curve in South Korea downward?
a. a series of major technological breakthroughs in South Korea b. lower tax rates in South Korea c. higher tax rates in South Korea d. tighter lending laws in South Korea e. a lower rate of capacity utilization in South Korea
The optimization rule for unconstrained optimization is to select that level of activity at which
A. total benefit is less than total cost. B. marginal benefit equals marginal cost. C. marginal benefit exceeds marginal cost. D. total benefit is equal to total cost.