Refer to Figure 15-4. What is the amount of the monopoly's profit?
A) $2,700 B) $4,200 C) $10,400 D) $12,600
A
Economics
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Some colleges now offer massive open online courses (MOOCs), where students do not need to be in the same classroom as their instructors
The fixed cost of an online course is relatively ________, but after the courses are placed online, the marginal cost of providing instruction to an additional student is ________. A) high; low B) high; high C) low; high D) low; low
Economics
Changes in the GDP deflator reflect
a. only changes in prices. b. only changes in the amounts being produced. c. both changes in prices and changes in the amounts being produced. d. neither changes in prices nor changes in the amounts being produced.
Economics