Which of the following is a characteristic of a monopoly?
a. rising average total costs
b. one buyer
c. rising fixed costs
d. a product without close substitutes
d
Economics
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When the Fed wants US interest rates to increase, it will usually sell US t-bonds to banks
a. true b. false
Economics
Hours of OperationMarginal Cost16212318424530636742
Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $18. If she is following the marginal principle, how many hours should Krystal stay open?
A. 3 hours B. 4 hours C. 6 hours D. 7 hours
Economics