According to the graph shown, if Q1 units are being produced, this monopolist should:
This graph shows the cost and revenue curves faced by a monopoly.
A. increase production.
B. charge P0 to maximize profits.
C. charge P1 to maximize profits.
D. charge P3 to maximize profits.
D. charge P3 to maximize profits.
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Surveys of consumers indicate that:
a. they do not care at all about labor standards in other countries. b. many are willing to pay at least a small amount more for imports to ensure good labor standards in other countries. c. most are willing to pay a large amount more for imports to ensure good labor standards in other countries. d. they will not buy imports from any country with poor labor standards.
Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard. If the required reserve ratio is 10 percent, checking account deposits in the banking system as a whole could drop up to a maximum of
A) $0. B) $50. C) $500. D) $5,000.