A monopoly firm can sell its fourth unit of output for a price of $250. To sell more than five units, it must expect to receive a price:
A. equal to $250.
B. greater than $250.
C. less than $250.
D. equal to $340.
Answer: C
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If the money multiplier is 5 and the Federal Reserves issues bonds in the amount of $6 million, what is the final change to the money stock?
A) - $30 million B) $30 million C) $1.2 million D) - $1.2 million
Keynesian theory
A. established the validity of Say's Law. B. Assumes that supply creates its own demand. C. is primarily demand-oriented. D. assigns much importance to aggregate supply and the average price level.
A mechanism for reallocating risk is:
A. diversification. B. dividend pooling. C. risk premiums. D. All of these are mechanisms for reallocating risk.
Along any single indifference curve the ________
A) consumer is equally satisfied with any of the combinations of goods B) level of current income is unchanged C) level of future income is unchanged D) level of current and future income is unchanged