If the demand curve facing a monopolist shifts, then the monopolist's:
A. total cost curve will change, but its variable cost curve will not.
B. marginal revenue curve and profit-maximizing level of output will change.
C. marginal revenue curve will not change, but its profit-maximizing level of output will.
D. marginal revenue curve will change, but its profit-maximizing level of output will not.
Answer: B
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An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
The measured poverty rate may not reflect the true extent of economic deprivation because it does not include some forms of government assistance
a. True b. False Indicate whether the statement is true or false
When you see a commercial on TV asking you to "look for the union label," the union is trying to
A) increase worker productivity. B) increase the demand for nonunion goods. C) increase the demand for union goods. D) decrease the demand for nonunion goods.
The primary tool the Federal Reserve uses to increase the money supply is
A) printing more money. B) lowering the required reserve ratio. C) buying Treasury securities. D) lowering the discount rate.