Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's price will exceed its marginal cost by ____ and its average total cost by ____.
A. $20; $27.33
B. $10; $10.40
C. $24; $27.33
D. $30; $20.50
D. $30; $20.50
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The money supply is determined
a. only by the Fed. b. by the Fed and banks. c. by the Fed, banks, and the public. d. by congress. e. by the President.
Tax paid on income from a rental property represents _____
a. a consumption tax b. double taxation c. progressive taxation d. estate taxation
If the annual interest rate is i, the present value of $X to be received at the end of each future year forever is:
a. $X/(1 + i) b. $X/i c. $X/(1 + i) n d. $X/i n e. $X n /i n
The main purpose of HMOs and PPOs is to:
A. reduce health care costs for employers and their employees. B. reduce medical malpractice suits. C. enable groups of physicians to increase their fees. D. direct patients to specialists rather than to more expensive primary-care physicians.