Being poor in a family with children is sufficient qualification for receiving TANF support

After World War II the average U.S. recession has lasted: a. a few months

b. about half a year. c. a little less than a year. d. about three weeks. e. about two years.

Answer the following statement true (T) or false (F)

1) If the XYZ Company can sell 4 units per week at $10 per unit and 5 units per week at $9 per unit, the marginal revenue of the fifth unit is $5. 2) Because of their large-scale level of production, pure monopolists overallocate resources to their industry by producing beyond the P = MC output. 3) Because of the ability to influence price, a pure monopolist can increase price and increase volume of sales simultaneously. 4) Natural monopoly may result where products produce substantial network effects and can be simultaneously consumed by a large number of consumers.