If the given profit-maximizing monopolist is able to price discriminate, charging each customer the price associated with each given level of output, how many units will the firm produce?
A. 2.
B. 3.
C. 4.
D. 5.
C. 4.
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Use the following graph to answer the next question.
This perfectly competitive firm will not produce unless price is at least
A. $7. B. $5. C. $2. D. $10.
Jeannie's marginal utility from her 4th book in a month is 50. Her marginal utility from her 5th book
A) is greater than 50. B) equals 50. C) is less than 50. D) might be more than, less than, or equal to 50 but more information is needed.
More economic growth is not necessarily better unless the benefits of growth:
A. exceed the costs of growth. B. increase real GDP per capita. C. increase human capital. D. increase average labor productivity.
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available for purchase and Px = $10, Py = $20, X = 0, and M = 400?
A. 5 B. 0 C. 20 D. 10