The Lorenz curve represents the distribution of non-cash benefits
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following shifts the demand for watches to the right?
a. a decrease in the price of watches b. a decrease in consumer incomes if watches are a normal good c. a decrease in the price of watch batteries if watch batteries and watches are complements d. an increase in the price of watches e. none of the above
Economics
Refer to the figure above. If the monopolist faces a constant marginal cost of $2, at what price should it sell its output?
A) $2 B) $6 C) $10 D) $12
Economics