Figure 7.2 shows a monopolist's demand curve. The marginal revenue from selling the fourth unit is:
A. $8.
B. $6.
C. $4.
D. $2.
Answer: D
You might also like to view...
What happened to real GDP and the inflation rate during the recession of 2007-2009?
What will be an ideal response?
The ranking of industries by the four-firm concentration ratio usually, but not always, reveals the same pattern as ranking by HHI. When a discrepancy is found it is usually due to the following:
A. The two indices are designed to measure two different attributes of markets. B. The four-firm concentration index contains data on only the largest four firms, while the HHI is based on data for all firms in the industry. C. The HHI is based on squared market shares, while the four-firm concentration ratio is not. D. The four-firm concentration index contains data on only the largest four firms, while the HHI is based on data for all firms in the industry and the HHI is based on squared market shares, while the four-firm concentration ratio is not.
A beneficial supply shock would cause the FE line to
A. shift to the right. B. shift to the left. C. remain unchanged. D. remain unchanged if the shock is temporary; shift to the right if the shock is permanent.
The amount of funds the borrower receives from the lender with a simple loan is called the
A) principal. B) equity. C) claim. D) collateral.