In the figure below, a firm that is using peak load pricing produces ________ in the peak period and produces ________ in the off-peak period.
A) 4,000; 2,000
B) 4,000; 1,000
C) 3,000; 3,000
D) None of the above answers are correct because more information is needed about the combined marginal revenue curves
B) 4,000; 1,000
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The most a monopolist can sell at any given price is:
A. the amount he alone can supply the market with. B. the amount demanders are willing to buy at that price. C. constrained by the availability of inputs. D. less than if it were a perfectly competitive market.
The dollar is said to appreciate against the euro if
a. the exchange rate falls. Other things the same, it will cost fewer euros to buy U.S. goods. b. the exchange rate falls. Other things the same, it will cost more euros to buy U.S. goods. c. the exchange rate rises. Other things the same, it will cost fewer euros to buy U.S. goods. d. the exchange rate rises. Other things the same, it will cost more euros to buy U.S. goods.
The Economic Recovery Act of 2008 included a temporary increase in the federal deposit insurance ceiling from $100,000 to $250,000. The likely objective was to ________
A) boost bank profitability B) increase the money supply C) discourage withdrawals from banks D) bail out the Federal Deposit Insurance Corporation (FDIC)
The percentage of foreign-born people living in the U.S. continued to rise after the Civil War
Indicate whether the statement is true or false