Refer to the diagram for a nondiscriminating monopolist. The profit-seeking monopolist will:
A. always produce at output q 2 .
B. always produce more than q 2 .
C. never produce an output larger than q 2 .
D. never produce an output larger than q 1 .
C. never produce an output larger than q 2 .
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As a general rule, when an income tax is added to the basic macroeconomic model, what happens to the consumption schedule?
a. It will shift downward. b. It will shift upward. c. It will become flatter. d. It will become steeper.
Which of the following documents established "rules of the game"?
A) The Book of Exodus B) The Scrabble Players Dictionary C) The Bylaws of the AFL-CIO D) The Constitution of South Africa E) All of the above.
Consider the following pieces of information:
a. According to Bonnie Reyes, president and chief operating officer of Better Investing, a national organization of investment clubs, women have traditionally made up about 60 percent of the membership of investment clubs. By contrast, less than a third of team-managed mutual funds on Wall Street have even one woman on the management team. b. Research conducted by professors E. Brooke Harrington and Max Planck concluded that mixed investment clubs, on average, outperformed the typical single-sex investment club. c. The lack of gender diversity in Wall Street could be influenced by its reputation, according to professor Harrington, "for being inhospitable to women." Source: Michael Hulbert, "Strategies: At some Funds, a Gender Communications Gap," The New York Times, October 7, 2007, Sunday Money, page 5. The information presented is an example of A) a negative feedback loop. B) marginal productivity theory. C) the absence of comparable worth. D) economic discrimination.
The interest rate that banks pay for borrowing overnight from other banks is called:
a. bank rate. b. target rate. c. federal funds rate. d. real interest rate. e. prime lending rate.