A monopoly will look for opportunities to price discriminate because the practice
A. leads to greater profits.
B. allows it to charge higher prices.
C. leads to selling more units.
D. is desired by customers.
Answer: A
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The overall money supply would tend to increase if the Fed were to
A) increase the required reserve ratio. B) increase the discount rate. C) buy government bonds. D) exchange crisp dollar bills for worn and tattered dollar bills.
If a firm shuts down in the short run,
a. it exits the industry b. losses would equal its variable costs c. losses would equal its fixed costs d. profits would be zero e. losses would equal to zero
If the price of cheese falls by 1 percent and the quantity demanded rises by 3 percent, then the price elasticity of demand for cheese is equal to:
A. 0.333. B. 0.30. C. 30. D. 3.
Other things equal, according to the Classical growth model, if Malaysia saves more than Thailand, Malaysia should grow faster than Thailand.
Answer the following statement true (T) or false (F)