In this situation, the monopoly's profits are:
a. 0.40.
b. 0.16.
c. 0.12.
d. 0.08.
b
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As world economies start to recover from the 2008 financial crisis and firms expect profits to increase
A) the price level in the U.S. will decrease as firms increase investment. B) the U.S. short-run aggregate supply curve immediately will shift rightward. C) investment will increase and there will be a movement up along the aggregate demand curve. D) both investment and aggregate demand will increase.
If 1 U.S. dollar exchanges for 1.89 Australian dollars, how much would it cost in U.S. dollars and cents to purchase an Australian video priced at 40 Australian dollars?
What will be an ideal response?
Which of the following least resembles a case of statistical discrimination?
A) Alphonso prefers not to hire anyone over the age of 55 because they tend to not have the technical computer skills he believes are necessary for his employees. B) Juliana hires only what she considers fit, healthy employees because she read that overweight employees miss more days of work due to health-related issues than do employees of average weight. C) Colleen, who is 6'2" in height, dislikes people under 6 feet tall and therefore only hires people who are at least as tall as she is. D) Tyrone believes that the Dutch have the best work ethic of all nationalities and therefore will hire someone of Dutch heritage over someone of any other nationality.
A market supply schedule
A. combines the quantities supplied by all businesses in a market. B. has an upward-sloping demand curve. C. is all the products or services demanded in a market. D. is determined by adding demand and supply.