If the law of demand holds, then
A. the demand curve has a negative slope.
B. the demand curve has a positive slope.
C. the demand curve shifts whenever the price changes.
D. the diminishing marginal utility is not valid.
Answer: A
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A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. The monopoly's profit maximizing price is
A) 55. B) 50. C) 45. D) 40.
Assume that when $100 of new reserves enter the banking system, the money supply ultimately increases by $800 . Assume also that no banks hold excess reserves and that the entire money supply consists of bank deposits. If, at a point in time, reserves for all banks amount to $750, then at that same point in time, loans for all banks amount to $6,000
a. True b. False Indicate whether the statement is true or false
Which of the following would not be an external cost associated with gambling?
A. The increase in crime near casinos B. The increase in homelessness associated with casinos C. The single gambler's damaged credit rating D. The effects on the gamblers' family
Which of the following shows the relationship between employees and their peers?
a. organizational chart b. gantt chart c. decision tree d. simulation