Suppose a monopolist sells 10,000 units of output at $22 per unit. The firm's total revenue is
A) $2,200.
B) $22,000.
C) $220,000.
D) $2,200,000.
C
Economics
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The technique that addresses the problem of assigning inputs to specific industries is
a. known as laissez faire. b. input-output analysis. c. cost-benefit analysis. d. a production possibilities frontier.
Economics
Which of the following is correct if there is a favorable supply shock?
a. the short-run aggregate supply curve and the short-run Phillips curve both shift right. b. the short-run aggregate supply curve and the short-run Phillips curve both shift left. c. the short-run aggregate supply curve shifts right and the short-run Phillips curve shifts left. d. the short-run aggregate supply curve shifts left and the short-run Phillips curve shifts right.
Economics