A tax cut can best be characterized as

To maximize its profit, a single-price monopoly produces the quantity at which

A) the difference between marginal revenue and marginal cost is as large as possible. B) marginal revenue equals marginal cost. C) average total cost is at its minimum. D) the marginal cost curve intersects the demand curve. E) the marginal revenue curve intersects the horizontal axis.

Although wages, incomes, and interest rates are most often discussed in nominal terms, what matters most are their real values

a. True b. False Indicate whether the statement is true or false