Which of the following conditions is TRUE for both the perfectly competitive firm and the monopoly at the profit-maximizing output level?
A) MR = P
B) MC = ATC
C) MC = P
D) MR = MC
Answer: D
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Which of the following does not increase U.S. aggregate demand?
a. an increase in real wealth b. lower interest rates c. an increase in imports d. a decrease in the exchange rate value of the dollar
How can inflation affect the international competitiveness of a country?
a. Through an increase in nominal interest rates. b. Through an increase in real interest rates. c. The competitiveness is harmed by any inflation rate that is higher than in other countries, as long as it is offset by exchange rate changes. d. The competitiveness is harmed by any inflation rate that is higher than in other countries, as long as it is not offset by exchange rate changes. e. Inflation is a domestic issue and therefore does not affect the international competitiveness
The x-coordinate is the
a. first number of an ordered pair and represents the point's horizontal location. b. second number of an ordered pair and represents the point's horizontal location. c. first number of an ordered pair and represents the point's vertical location. d. second number of an ordered pair and represents the point's vertical location.
Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through liberal policies focus on
A. redistributive tax, entitlement spending, and increased government spending. B. redistributive tax alone. C. increased government spending alone. D. entitlement spending alone.