When the marginal cost curve of the monopolist shifts upward, there will be
A. an increase in both price and quantity.
B. a decrease in price and in marginal revenue.
C. a decrease in quantity and a decrease in marginal revenue.
D. an increase in price but a decrease in quantity.
Answer: D
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Which of the following is true of the 2008 Troubled Asset Relief Program?
A) It was a contractionary fiscal policy. B) It was a contractionary monetary policy. C) It was a mix of monetary and fiscal policies. D) It mainly aimed at reducing inflation.
Michael Jordan averaged 35 points per game over a 100-game season. During the playoff round of 10 games, he averaged 50 points, and in the five-game championship series, he led the Chicago Bulls to victory, averaging 40 points. For the entire season, how many points did Jordan score, what was his average, and did the championship series pull his previous average up or down?
What will be an ideal response?
The Council of Economic Advisers gives economic advice to the:
A. Federal Reserve System. B. president. C. U.S. Senate. D. U.S. House of Representatives.
A supply curve is a:
A. graph depicting various price-quantity combinations of multiple goods. B. graph that visually displays the supply schedule. C. graph that shows the quantities of a particular good or service that producers will sell at one price. D. table that displays various price-quantity combinations of a good or service.