A single-price monopoly's demand curve lies
A) below its marginal revenue curve.
B) on top of its marginal revenue curve.
C) above its marginal revenue curve.
D) on top of its total revenue curve.
C
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Which of the following would be directly counted in GDP for 2015?
A) windows purchased from Pella in 2015 to be installed in a house built in 1945 B) windows built in 1945 which were salvaged from a 1945 house and are going to be used in a newly-built house C) windows built in 1945 which were salvaged from a 1945 house and are going to be used in a house built in 1950 D) none of the above
In an economy with lump-sum taxes and no international trade, if the marginal propensity to consume is 0.8, which of the following is true?
a) when consumption increases by $5, investment increases by a maximum of $1 b) when consumption increases by $5, savings increase by a maximum of $1 c) when investment increases by $1, income increases by a maximum of $5 d) when investment increases by $1, consumption increases by a maximum of $5 e )when income increases by $1, investment increases by a maximum of $5