Refer to the table below for Nina. What is the change in total revenue if she raises the price from $10 to $12?
The table shows the demand schedule facing Nina, a monopolist selling baskets.
A. -$300
B. +$300
C. +$120
D. -$120
D. -$120
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The type of unemployment created by the normal rate of reentry and entry into the labor force is
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.
Distinguish the short run from the long run. Generally, what causes costs of production to vary with output in the short run? What generally causes costs of production to vary in the long run?
Some economists believe that policy makers should avoid stabilization policy because
a. lags make the policy impact unpredictable. b. no tax cut ever stimulated demand. c. stabilization policies are rarely signed into law. d. it never works.
As the present value of the future earnings from owning an asset ____, the market value of the asset ____
a. decreases; increases b. increases; decreases c. decreases; decreases d. decreases; is uncertain