Property rights connect effort with reward
Indicate whether the statement is true or false
TRUE
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Suppose a monopolist faces the demand curve shown below. 
If you were to draw the monopolist's marginal revenue curve, it would:
A. intersect the horizontal axis at 35. B. intersect the vertical axis at $35. C. lie on top of the demand curve. D. have a slope equal to the reciprocal of the slope of the demand curve.
From Figure 8-5, one can deduce
A. TR = TC at outputs 10 and 60. B. MR = MC at output 35. C. TFC = 100. D. All of the responses are correct.
If potential output exceeds actual output, ________ shifts downward over time
A) the short-run AD curve B) the long-run AD curve C) the long-run AS curve D) the short-run AS curve
Suppose you come up with a wonderful new invention, and after borrowing as much as you can from a bank, you believe that additional capital is needed to make the invention marketable. Your small new company would be most likely to find additional capital from
A. a venture capital firm. B. an initial public offering. C. issuing bonds. D. borrowing from a different bank.