Changes in market prices tend to
A) change the plans of suppliers.
B) change the plans of demanders.
C) change the plans of suppliers and demanders.
D) have no predictable effect on anybody's plans.
C
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The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0?
A) 4 and 5 B) 3 and 4 C) 2 and 3 D) 1 and 2
If an increase in x (the variable on the horizontal axis) from 6 to 8 units causes a decrease in y (the variable on the vertical axis) from 4 to 3 units, the slope equals
A) 2. B) -2. C) 1/2. D) -1/2.
Using specialized equipment to produce simultaneously a number of similar items
a. leads to economies of scale. b. is the goal of deregulation. c. can only happen in a high technology nation. d. is called economies of scope.
On its web site, your bank posts the interest rates it is paying on savings accounts. Those posted rates
a. and a price index are both real variables. b. and a price index are both nominal variables. c. are real variables, and a price index is a nominal variable. d. are nominal variables, and a price index is a real variable