Which of the following is FALSE for a profit-maximizing single-price monopolist?
A) P = MC
B) MC = MR
C) P > MR
D) None of the above because they are all true.
A
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The demand for loanable funds curve shows the
A) positive relationship between the interest rate and the quantity of loanable funds demanded. B) positive relationship between the demand for loanable funds curve and the supply of loanable funds curve. C) U-shaped relationship between the interest rate and the quantity of loanable funds demanded. D) negative relationship between the interest rate and the quantity of loanable funds demanded. E) negative relationship between the demand for loanable funds curve and the supply of loanable funds curve.
Explain the terms "paternalism" and "consumer sovereignty."
What will be an ideal response?
Since 1950, expansions in the United States have become ________, while recessions have become ________
A) shorter; shorter B) shorter; longer C) longer; longer D) longer; shorter
The greater the marginal propensity to consume in the economy, the smaller the spending multiplier
a. True b. False Indicate whether the statement is true or false