Which of the following statements concerning a monopolist is FALSE?
A) A monopolist will produce at which MR = MC.
B) For a monopolist, marginal revenue is less than price.
C) A monopolist will charge the highest price at which any individual will purchase the product.
D) A monopolist will shut down if price is less than average variable cost.
C
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If speculators believe a currency is soon going to be revalued, they will increase their demand for that currency
Indicate whether the statement is true or false
France is capital abundant and Italy is labor abundant. Shoes are labor intensive and wheat is capital intensive
Draw diagrams to illustrate the pre- and post-trade equilibria for each of the two countries including the production points, the consumption points, the international price, and the volumes of exports and imports for each. Be sure to identify which country has comparative advantage in which good. Which factors gain and which lose when trade is opened between the two countries? Explain carefully.
The stockholder-lender conflict generally becomes greater
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
Extensive growth is driven by
A) very high savings rates. B) rapid capital accumulation. C) improved multifactor productivity. D) A and B. E) all of the above.