For a single-price monopolist, price is ________ marginal revenue
A) less than
B) greater than
C) equal to
D) less than or equal to but never more than
B
You might also like to view...
If it costs View Your World, a high-end window manufacturer, $20 per window to install a higher quality glass in its windows and consumers will pay an additional $28 per window for the improvement, which of the following is true?
A) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost. B) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost. C) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost. D) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.
Some form of financial distress can become a full-blown recession if risk lead to ____ interest rates and ____ aggregate demand
a. higher; increased b. higher; decreased c. lower; increased d. lower; decreased
Other things the same, if reserve requirements are increased, the reserve ratio
a. increases, the money multiplier increases, and the money supply increases. b. increases, the money multiplier decreases, and the money supply decreases. c. decreases, the money multiplier increases, and the money supply increases. d. decreases, the money multiplier decreases, and the money supply increases.
A progressive tax is one where the percentage charged on income ______________ as income increases.
A. increases and then decreases B. is constant C. decreases D. increases