Refer to the following figure showing demand and marginal revenue for a monopoly.At any price above $________ demand is elastic.

Federal Reserve credit is equal to bank borrowing plus U.S. government security holdings plus

A) currency outstanding. B) capital accounts. C) float. D) bank reserves.

An industry in which an increase in output leads to a reduction in long-run per-unit costs is a(n)

A) increasing-cost industry. B) constant-cost industry. C) break-even cost industry. D) decreasing-cost industry.