If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee
A) 20 cents B) 33 cents C) 36 cents D) 56 cents
D
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When a Central Bank takes action to decrease the money supply and increase the interest rate, it is following:
a. a loose monetary policy. b. a contractionary monetary policy. c. a expansionary monetary policy. d. a quantitative easing policy.
For a monopolist producing the output where profit is maximized:
a. price equals marginal cost. b. price equals marginal revenue. c. price is less than marginal cost. d. price exceeds marginal cost.
If a monopolist engages in price discrimination, it is with the goal of:
a. improving goodwill with the public. b. increasing profit. c. lowering cost. d. making the demand for its good less elastic.
Could the high-income Asian economies be characterized as open economies? Explain
What will be an ideal response?