Answer the following statements true (T) or false (F)
1) A monopoly's demand curve is the same as the market demand curve.
2) A monopolist's marginal revenue is greater than the price for all units produced.
3) In order for a monopolist to sell more of its product, it must lower price.
4) It is not possible for a monopolist to have a negative marginal revenue.
5) If a monopolist has a downward-sloping, nonlinear demand curve, the price will exceed the marginal revenue for all units produced.
1) TRUE
2) FALSE
3) TRUE
4) FALSE
5) TRUE
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a. True b. False Indicate whether the statement is true or false
The question of representation is of concern primarily for ____ anthropologists
a. scientific b. humanistic c. interpretivist d. particularist
Economic anthropologists have been concerned with two main questions, one focusing on systems of human behavior and the other on the individuals who participate in those systems. The first question is: How are production, distribution, and consumption organized in different societies? The second question is
A. Why has the myth of the profit-maximizing individual been so pervasive, despite evidence to the contrary? B. What has been the impact of globalization at the level of individuals? C. What are the best ways to convince individuals in funding agencies of the value of ethnographic knowledge in the realm of economics? D. What encourages overconsumption in Western economies? E. What motivates people in different cultures to produce, distribute or exchange, and consume?
Sahelanthropus tchadensis dates to around:
A. 9-10 million B.P. C. 3-2 million B.P. D. 1 million to 500,000 B.P.