The figure above shows the demand and cost curves for a single-price monopoly. What price will the firm charge?
A) $50 per unit
B) $30 per unit
C) $20 per unit
D) $10 per unit
B
Economics
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Which of the following is a condition that most people would NOT expect the safety net of the government to provide for?
a) injuries b) joblessness c) natural disasters d) low income
Economics
The velocity of money is assumed to be constant in the Classical model because
A) the payment habits of the community. B) fixed level of real GDP. C) the demand for money varies with the level of real output. D) aggregate demand is constant.
Economics