If a monopolist has zero marginal costs, it will produce
a. the output at which total revenue is maximized.
b. in the range in which marginal revenue is still increasing.
c. at the point at which marginal revenue is at a maximum.
d. in the range in which marginal revenue is negative.
a
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Neutral technological progress occurs when
a. higher output levels are achieved with the same quantity and combinations of factor inputs. b. higher output levels are achieved by more capital intensive methods. d. higher output levels are achieved by more labor intensive methods. e. higher output levels are achieved.
Which of the following referred to derivatives as "financial weapons of mass destruction?"
A) Ben Bernanke B) Barack Obama C) Warren Buffett D) Michael Lewis
Refer to the above figure. The rightward shift of the curve could have been caused by
A) a technological improvement. B) a technological setback. C) an increase in income. D) a decrease in income.
Which of the following is(are) the characteristics of a bubble
a. Bubbles emerge when investors disagree about the particular economic importance of an event b. Bubbles involve very large increases in trading volume c. Bubbles may continue even when many expect a bubble and doesn't pop until a sufficient number of skeptical investors act simultaneously d. All of the above