Which economic concept is the closest to the saying "There's no free lunch"?
a. Specialization
b. Unlimited wants
c. Underutilization of resources
d. Opportunity costs
e. Overutilization of resources
d
Economics
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Suppose a monopoly pharmaceutical company produces a drug and sells 100 prescriptions for $25 each. In order to sell 101 prescriptions, the monopolist must lower the price to $24 per prescription. The marginal revenue of the 101st prescription is
A. -$76 B. $24 C. $25 D. $2,424
Economics
The demand for new capital depends on the interest rate.
Answer the following statement true (T) or false (F)
Economics