How does marginal revenue compare to price for a single-price monopoly?
What will be an ideal response?
Marginal revenue is less than price.
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If the required reserve ratio is one-third, currency in circulation is $300 billion, and checkable deposits are $900 billion, then the money supply is ________ billion
A) $2700 B) $3000 C) $1200 D) $1800
The expected real interest rate is equal to
A) the nominal interest rate minus the expected rate of inflation. B) the nominal interest rate plus the expected rate of inflation. C) the nominal interest rate minus the actual rate of inflation. D) the nominal interest rate plus the actual rate of inflation.
A monopsonist wants to purchase more labor. Which of the following statements is TRUE?
A) The wage rate that the monopsonist has to pay future workers is lower than it pays current workers since there is no other place to work. B) The wage rate that the monopsonist has to pay future workers will be the same rate it pays current workers. C) The wage rate that the monopsonist has to pay future workers is higher than what it will continue to pay current workers. D) The monopsonist will have to raise the wage rate for current and additional employees.
What is the relationship between imports and unemployment?
What will be an ideal response?