Under which of the following does a monopoly's demand curve become its marginal revenue curve?
A) all types of monopoly
B) only single-price monopoly
C) only perfect price discrimination
D) only price discrimination on the basis of the number of units purchased
E) any monopoly that price discriminates
C
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Researchers believe that the economy grows at least one percentage point less annually when:
a. the ratio of public debt to GDP exceeds 90 percent for at least five years in a row. b. the ratio of public debt to GDP exceeds 50 percent for at least two years in a row. c. the growth rate of population falls for at least five years in a row d. the rate of inflation is below 4 percent for at least two years in a row. e. the growth rate of real interest rates falls for at least five years in a row.
Superstar professional athletes can sustain their economic rents because:
A. team owners will pay anything to win a championship. B. they are represented by highly-skilled agents. C. they have unique talents that they can sell to the highest bidder. D. their opportunity costs of playing their sport are high.
You purchase a good by writing a check for $1,000. Considering the financial payments system this check follows, when is the check money? Explain.
What will be an ideal response?
What are the four characteristics of a financial instrument?
What will be an ideal response?