When a monopolist reduces the quantity of output it produces and sells, the
a. price of its output increases.
b. price of its output remains constant.
c. price of its output decreases.
d. profits for the firm always decrease.
a
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Refer to the figure above. Calculate the total surplus in Lithasia under free trade
A) $150 B) $250 C) $325 D) $375
If, at some interest rate, the quantity of money demanded is less than the quantity of money supplied, people will desire to
a. sell interest-bearing assets, causing the interest rate to decrease. b. sell interest-bearing assets, causing the interest rate to increase. c. buy interest-bearing assets, causing the interest rate to decrease. d. buy interest-bearing assets, causing the interest rate to increase.
A discount bond is a bond
A) with no coupon payments. B) where the price of the bond is greater than its face value. C) where the interest rate is zero. D) where the face value is zero. E) that never matures.
More confidence can be had from the results obtained from experiments using a population with ________ variation than from those with ________ variation.
A. significant; insignificant B. low; high C. high; low D. implied; observed