Refer to the graph shown. Assuming that the monopoly maximizes profit, it will earn profits of:
A. $20,000 per day.
B. $160,000 per day.
C. $8,000 per day.
D. $40,000 per day.
Answer: D
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Suppose chocolate-dipped strawberries are currently selling for $30 per dozen, but the equilibrium price of chocolate-dipped strawberries is $20 per dozen. We would expect a
a. shortage to exist and the market price of chocolate-dipped strawberries to increase. b. shortage to exist and the market price of chocolate-dipped strawberries to decrease. c. surplus to exist and the market price of chocolate-dipped strawberries to increase. d. surplus to exist and the market price of chocolate-dipped strawberries to decrease.
Why is the demand for labor downward sloping in the short run?
What will be an ideal response?
When the interest rate is ________, ________ investments in physical capital will earn more than the cost of borrowed funds, so planned investment spending is ________
A) high; few; high B) high; few; low C) low; few; high D) low; many; low E) high; many; high
The largest International Monetary Fund quota subscription, denominated in Special Drawing Rights, is held by
A) the United States. B) Japan. C) China. D) Russia.