A monopolist always decides on how much to produce by equating marginal revenue to zero
Indicate whether the statement is true or false
F
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During the Vietnam War, the economy plunged into stagflation
Indicate whether the statement is true or false
In economics, "Public Saving" is defined as
a. Saving that is made public by disclosure to the IRS. b. Tax revenue minus government spending. c. National Income minus consumption. d. Deposits made at banks and other lending institutions. e. Investment in a publicly held company.
Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If the price of the plastic used to make action figures rises, current supply will:
A. shift to S(A). B. not change because a change in the price of plastic will not affect the demand for action figures. C. shift to S(B). D. not change; only the quantity supplied will change.
Suppose $1 = 10.5 pesos in New York and $1 = 9.6 pesos in Mexico City.If you had $10,000 using arbitrage, your profits would be:
a. $937.50. b. 937 pesos. c. 9,600 pesos. d. $790.