Which of the following is true about the Bitcoin:
a. Bitcoin transactions are anonymous, irreversible, and practically impossible to trace.
b. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox.
c. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies.
d. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro.
e. Bitcoin transactions are highly visible and, therefore, taxable events.
.A
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Explain the difference between the immediate market period, the short run, and the long run as they relate to price elasticity of supply
Please provide the best answer for the statement.
Suppose that a monopolist calculates that at its present output level, marginal cost is $4.00 and marginal revenue is $5.00. The firm could increase profits by:
A. Decreasing price and increasing output B. Increasing price and decreasing output C. Decreasing price and leaving output unchanged D. Decreasing output and leaving prices unchanged