When TR is increasing as a monopolist's output increases

A) MR is negative.
B) MR is positive.
C) MR = 0.
D) MR may be positive or negative.

B

Economics

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The services produced by spouses who cook, clean, and otherwise maintain homes are not counted in the gross domestic product because

A) services are not tangible goods. B) there is no accepted and reliable way to measure their value. C) they do not add to the wealth of the nation. D) this would entail double-counting, since such spouses usually receive free room and board. E) while they are useful services, they do not represent productive labor.

Economics

So-called business cycles refer to the multi-year periods:

A. From when new products are launched to the point when they become obsolete B. Between the purchases of new capital equipment and the point when they become junk C. From the origination of a business loan to the retirement or full repayment of the loan D. During which the economy's overall output and employment expands and contracts

Economics