If the local cable TV company is a natural monopoly and required by regulators to set its price equal to marginal cost, it makes zero profit and produces the efficient level of output
Indicate whether the statement is true or false
FALSE
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According to the graph shown, at point C the firm is earning:
A. higher profits than at point B, and they should produce more.
B. fewer profits than at point B, and they should produce more.
C. fewer profits than at point B, and they should produce less.
D. higher profits than at point B, and they should produce less.
In the town of Gotham the adult population is 560 thousand, the number unemployed is 25 thousand, and 185 thousand are not in the labor force. Calculate the unemployment rate
Mutual funds are characterized by the fact that they all:
A. provide the same degree of liquidity. B. require the same minimum investment of $10,000. C. provide some degree of diversification. D. have the same management fee set by regulation.
On the horizontal axis of the graph, L represents the quantity of loanable funds in billions of dollars.
Refer to Figure 26-4. Regard the position of the Supply curve as fixed, as on the graph. If the real interest rate is 8 percent, the inflation rate is 3 percent, and the market for loanable funds is in equilibrium, then the position of the demand-for-loanable-funds curve must be
a. between D1 and D2
b. D1
c. to the right of D2
d. D2