The assertion "capital is productive, but the ownership of capital is not," assumes the efficient use of resources
A) is different from technological efficiency and more difficult to achieve.
B) is no more likely under one ownership arrangement than another.
C) may be significantly affected by transferring ownership from private to public hands.
D) sometimes is affected by transferring ownership from public to private hands.
B
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According to the above figure, the profit maximizing price-output combination for the monopolist is a price of
A) 50 cents and an output of 40,000 newspapers per day. B) 30 cents and an output of 30,000 newspapers per day. C) 60 cents and an output of 30,000 newspapers per day. D) 45 cents and an output of 45,000 newspapers per day.
Most innovations in the economy come from
a. many different industries in a few countries. b. a few industries in many different countries. c. many different industries in many different countries. d. a few industries in a few countries. e. a few industries in the United States.