Which of the following will cause the marginal cost curve of making cigarettes to shift?
A) a $5 million penalty charged to each cigarette maker
B) a $1 per pack tax on cigarettes
C) a $1 million advertising campaign by the American Cancer Society
D) All of the above.
B
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Which of the following statements is true?
a. When a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price. b. When a monopolistic firm decides to increase price, its profit will increase. c. When a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price. d. Average revenue is the same as price for both competitive and monopoly firms.
The demand for loanable funds increases if
A) expected profit increases. B) population growth slows. C) firms fear a recession. D) wealth increases. E) technological growth slows.