A single-price monopolist is inefficient because
A) MR = MC.
B) P > ATC.
C) it creates a deadweight loss.
D) it increases producer surplus.
C
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If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes?
a. ?$240 million. b. ?$200 million. c. ?$180 million. d. ?$50 million.
When the expected value of search increases:
A. the cost of searching falls. B. fewer searches occur. C. more searches occur. D. the number of searches does not change.
"Does the analysis create an accurate perception of the work?" is a question answered by _____.
A. reliability B. validity C. acceptability D. usefulness
Increases in total utility from the consumption of a good decrease as more is consumed. This statement is
A) the law of diminishing marginal utility. B) the law of average utility. C) the consumer optimum. D) not consistent with the assumption of rational behavior.