The marginal cost of an activity ________ as you do more of it
A) increases
B) decreases
C) doesn't change
D) changes only if the marginal benefit of the activity does not change
E) changes only if the marginal benefit of the activity changes
A
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If the nominal interest rate parity condition is not met,
A) imports will exceed exports. B) the return from holding domestic assets must exceed the expected return from holding foreign assets. C) the return from holding domestic assets must be less than the expected return from holding foreign assets. D) the return from holding domestic assets must be greater or less than the expected return from holding foreign assets.
The deadweight loss caused by a monopoly is the area:
a. between the demand curve and the marginal cost curve and between the profit-maximizing quantity and the efficiency quantity. b. between the demand curve and the marginal revenue curve and between the profit-maximizing quantity and the efficiency quantity. c. under the marginal revenue curve and between the profit-maximizing quantity and the efficiency quantity. d. under the marginal cost curve and the marginal revenue curve and between the profit-maximizing quantity and the efficiency quantity.