If the demand curve a monopolist faces is perfectly elastic, then the ratio of the firm's price to the marginal cost is
A) 0.
B) 1.
C) 2.
D) None of the above—the answer cannot be determined.
B
Economics
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At the equilibrium real interest rate in the open-economy macroeconomic model
a. saving = domestic investment b. saving = net capital outflow c. net capital outflow = domestic investment d. net capital outflow + domestic investment = saving
Economics
If actions to reduce the expected cost of an accident are equally effective and managers authorize the least expensive actions first, the marginal cost of additional actions ________.
A) is zero B) decreases C) is constant D) increases
Economics