The profit-maximizing monopolist will never operate in a price range over which
A) the demand curve slopes downward.
B) demand is inelastic.
C) P > MR.
D) P > MC.
B
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Which of the following statements is true?
A) Corporations can issue stocks and bonds, while proprietorships cannot. B) Corporations face fewer taxes than do proprietorships. C) Corporations have one owner, while proprietorships have many owners. D) Proprietorships have limited liability while corporations have unlimited liability.
An increase in the money supply must cause which of the following?
A) a leftward shift in the IS curve B) a reduction in the interest rate and ambiguous effects on investment C) an increase in investment and a rightward shift in the IS curve D) no change in the interest rate if investment is independent of the interest rate E) no change in output if investment is independent of the interest rate