The supply curve for a monopoly is given by:
a. the firm's marginal cost curve above the average variable cost curve.
b. the one point on the demand curve that corresponds to the quantity for which price is equal to MC.
c. the one point on the demand curve that corresponds to the quantity for which MR equals MC.
d. the entire demand curve above the point where price is equal to average cost.
c
Economics
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The MRP of labor will shift to the right if
A) labor productivity increases. B) labor productivity decreases. C) wages increase. D) wages decrease.
Economics
Describe a situation in which a one-way speculative gamble would be possible and explain the effects that this type of speculation would have on a country trying to maintain its fixed exchange rate.
What will be an ideal response?
Economics