If a monopolist can sell 3 units at price of $150 per unit and 4 units at a price of $140 per unit, its marginal revenue at an output of 4 is
A) $-10.00.
B) $10.00.
C) $560.00.
D) $110.00.
D
Economics
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If the federal budget is initially balanced and government expenditures remain constant, then a decrease in GDP will
A) decrease tax revenues and create a budget surplus. B) increase tax revenues and create a budget surplus. C) decrease tax revenues and create a budget deficit. D) increase tax revenues and create a budget deficit.
Economics
The effect on the aggregate demand curve of which of the following is most similar to the effect of a decrease in the barriers to efficient functioning of financial markets?
A) a decrease in autonomous investment B) a decrease in the inflation rate C) an autonomous loosening of monetary policy D) a decrease in expected inflation E) a negative price shock
Economics