The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. At the unregulated price and quantity, Light-U-Up's economic profit is equal to
A) -$10.
B) $10.
C) $40.
D) $60.
B
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________ usually increase(s) when the U.S. economy is in a recession and decrease(s) when the U.S. economy is expanding.
a. Consumer spending b. Planned investment c. Net Exports d. Unplanned investment
Managers should attempt to maximize market share
Indicate whether the statement is true or false
Suppose that in a country people gain more confidence in the banking system and so hold relatively less currency and more deposits, then bank reserves will
a. decrease and the money supply will eventually decrease. b. decrease and the money supply will eventually increase. c. increase and the money supply will eventually decrease. d. increase and the money supply will eventually increase.
Output in the long run is determined by which of the two following factors when an economy operates at full employment?
A. capital and supply B. imports and exports C. capital and labor D. the "real" GDP and purchases