A monopolist will stop production when MR equals MC
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following leads to the demanders paying all of a tax?
A) The supply is unit elastic. B) The supply is perfectly inelastic. C) The demand is perfectly elastic. D) The demand is perfectly inelastic.
The greater your discount weight, the more your current decisions are driven by the future consequences of your actions. Do you agree? Explain
What will be an ideal response?
Hyperinflations are usually caused by large budget deficits financed by
A) selling bonds to private investors. B) selling bonds to the central bank. C) raising taxes. D) borrowing from commercial banks.
Opportunity cost of an activity
a. Is known to all parties b. Cannot be measured in dollar terms c. May include both monetary costs and foregone incomes d. Is known with all certainty