Which of the following statements is correct for a monopolist? (i) The firm maximizes profits by equating marginal revenue with marginal cost. (ii) The firm maximizes profits by equating price with marginal cost. (iii) Demand equals marginal revenue. (iv) Average revenue equals price
a. (i), (iii), and (iv) only
b. (i) and (iv) only
c. (i), (ii), and (iv) only
d. (i), (ii), (iii), and (iv)
b
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If the price level increases, but workers' money wage rates remain constant,which of the following is TRUE?
I. The quantity of labor demanded will increase. II. The real wage rate will decrease. III. The demand for labor curve shifts rightward. A) I only B) I and II C) II and III D) I, II and III
A sharp reduction in the U.S. debt-GDP ratio occurred
A) between 1998 and 2001 . B) between 1996 and 1997. C) between 1994 and 1995. D) between 1993 and 1995.
Which of the following is true?
a. A stockholder owns part of the corporation. b. A stockholder has loaned money to the corporation. c. A stockholder is owed money by the corporation. d. A stockholder must be consulted on all major decisions.
In which year was the poverty rate the lowest?
A. 1960 B. 1973 C. 1984 D. 1993