If marginal revenue on the tenth unit of output equals $4 for a non-discriminating, profit-maximizing monopolist, then price:
a. equals $4
b. is less than $4.
c. is greater than $4.
d. must be equal to average total cost.
c
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The above table shows the distribution of income and wealth in Miseria. What percent of income is earned by the richest twenty percent?
A) 5 percent B) 20 percent C) 45 percent D) 55 percent
Barter is the:
a. direct exchange of goods and services. b. exchange of goods, but not services. c. system that does not depend on a coincidence of wants. d. system used in advanced economies.
What caused the credit crisis of 2008?
A. The sub-prime mortgage mess. B. The sub-prime mortgage mess along with existing huge leveraged bets that prices of real estate made by investment banks and other firms not regulated by the Fed. C. Home buyers misrepresentation of repayment capacity. D. A large number of home buyers losing their jobs.
The Green GDP:
A. tries to capture the environmental effects regular GDP doesn't. B. values negative externalities. C. subtracts the environmental costs of production from the positive outputs normally counted in GDP. D. All of these statements are true.