A single-price monopoly can sell 1 unit for $9.00. To sell 2 units, the price must be $8.50 per unit. The marginal revenue from selling the second unit is
A) $17.50.
B) $17.00.
C) $8.50.
D) $8.00.
E) $9.00.
D
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In the basket of goods that is used to compute the consumer price index, which of the following categories of consumer spending is the largest?
a. education & communication b. recreation c. medical care d. All of the above categories are about equal in magnitude.
Inflation is a measure of the ________ of prices; the CPI is a measure of the ________ of prices.
A. current level; rate of change in the level B. base year's level; index C. rate of change in the level; current level D. index; base year's level
If this firm were a perfect competitor, what price would it charge in the long run?
A. OE
B. ON
C. OF
D. None of the choices are correct.
The sum of the current account, the capital account, and the official reserve transaction account is
A) always positive. B) always negative. C) positive when exports are greater than imports. D) zero.