For a monopolist, on the inelastic range of its demand
A) marginal revenue is negative.
B) marginal revenue is positive.
C) marginal revenue is equal to zero.
D) total revenue is maximized.
A
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Which of the following is not a possible implication of federal budget deficits?
a. Crowding out b. Increased interest rates c. Inflation d. Increased trade deficits e. Depreciation of the dollar
You purchase a bag of chocolate chips for $3, a bag of flour for $1, a bag of sugar for $.50, a half dozen eggs for $.50, and a half pound of butter for $2. You use all these ingredients to make three dozen cookies. Your roommate offers you $15 for them, and you happily accept. How much does this process contribute to GDP?
A. $7 B. $15 C. $22 D. $8
Using the following numbers, what is Macland’s current account?
Goods: exports $500, imports $365 Services: exports $350, imports $400 Income payments: exports $300, imports $425 Unilateral transfers: exports 0, imports $50 a. -$80 b. $2,390 c. -$90 d.-$225
One inconvenience of commodity money is the need for
a. money to be divisible. b. uniform quality. c. portability. d. All of the above are correct.