A monopolist who charges a different price for each unit of the commodity sold is called:
a. a perfectly competitive monopolist.
b. a natural monopolist.
c. a perfectly discriminating monopolist.
d. an elastic monopolist.
c
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A country has an aggregate production function of the form: Y = A x K1/3 x H2/3
Which of the following is likely to happen if the capital stock and the efficiency units of labor available to the country increases by 10% over a span of 5 years while the state of technology used in the country remains the same? A) Output will increase by 5%. B) Output will double. C) Output will increase by 10%. D) Output will increase by 1%.
Identify the correct statement about net exports
a. The value of net exports increases as real domestic income increases. b. The value of net exports increases as real domestic income decreases. c. The value of net exports is dependent on the amount of government purchases. d. The value of net exports is always positive. e. The value of net exports is always negative.
In 2008, several banks had a:
A. solvency problem, and the Fed kept them all from going bankrupt. B. confidence problem, and would not lend enough to keep from going bankrupt. C. solvency problem, and eventually went bankrupt as a result. D. reserve problem, and did not have enough funds on hand to lend to keep from going bankrupt.
When a customer deposits money in a bank account, this deposit represents:
a) a liability for the customer and an asset for the bank. b) an asset for both the bank and the customer. c) a liability for the customer and the bank. d) a liability for the bank and an asset for the customer.