If the monopolist's linear demand curve intersects the quantity axis at Q = 30, then the monopolist's marginal revenue will be equal to zero at
a. Q = 10.
b. Q = 15.
c. Q = 20.
d. Q = 30.
b
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A firm produces an output level at which price is greater than marginal cost. Explain why this is inefficient
What will be an ideal response?
The new growth theory that arose in the late 1980s has been described as ________ because it treats technological change as ________
A) exogenous, random unpredictable shocks B) exogenous, generated by market incentives C) endogenous, random unpredictable shocks D) endogenous, generated by market incentives
When a nonprice change affects any of the four components of GDP the:
A. aggregate demand curve will shift left or right. B. economy will move up or down along the aggregate demand curve. C. aggregate demand curve will remain unaffected. D. aggregate supply with shift left or right.
An event that changes the supply of any factor of production can alter the earnings of all the factors
a. True b. False Indicate whether the statement is true or false