Suppose that a monopolist calculates that at its present output level, marginal cost is $4.00 and marginal revenue is $5.00. The firm could increase profits by:
A. Decreasing price and increasing output
B. Increasing price and decreasing output
C. Decreasing price and leaving output unchanged
D. Decreasing output and leaving prices unchanged
A. Decreasing price and increasing output
Economics
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Suppose you earn $4,800 a month and spend exactly $160 in each of the 30 days. If you deposit $1, 600 into your checking account on the first day, eleventh day, and twenty-first day of the month, then your average quantity of money demanded is
A) $800. B) $1,200. C) $2,400. D) $4,800.
Economics
Explain how a consumption tax could lead to a decrease in real interest rates
Economics