A chewing gum monopoly can sell 400,000 packages of gum for $0.10 each. If it wants to sell 500,000 packages, its price must be
a. greater than the $0.10 if it doesn't want to earn less profit
b. less than the marginal revenue of the 500,000th package
c. less than $0.10
d. equal to $0.10
e. none of the above makes sense
C
Economics
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Many economists describe the 2007-2009 period in the United States as being a condition of a(n)
a. deflationary gap. b. recessionary gap. c. inflationary gap. d. reflationary gap.
Economics
2010, the United States had about ___ percent of the world's population and produced about ___ percent of the world output
A. 20; 30 B. 3.5; 41 C. 10; 32 D. 4.5; 23
Economics