For a monopolist, marginal revenue is lower than price
a. True.
b. False.
A
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Refer to the table above. The nominal value of the minimum wage in 2011 was
A) $2.00 per hour. B) $3.63 per hour. C) $5.62 per hour. D) $7.25 per hour.
Refer to Scenario 12.2. What is the profit maximizing level of output?
A) 171.43 B) 120 C) 150 D) all of the above E) none of the above
The firm would have a better bargaining position if
a. The firm can easily replace the workers with machinery b. The workers are a critical part of the production process c. The workers are highly specialized and would not find employment elsewhere easily d. Both A&C
A macroeconomist would concentrate on which of the following issues?
A. The price of pizzas B. The profits of the IBM Corporation C. The unemployment rate in Germany D. The market for hotdogs