The new laws associated with health care reform dictate that 60-year-old patients cannot be charged more than ____ times as 25-year-old patients

Objects that have value in themselves and that are also used as money:

a. currency b. commodity money c. representative money d. fiat money

Which of the following statements concerning a monopolist is FALSE?

A) A monopolist will produce at which MR = MC. B) For a monopolist, marginal revenue is less than price. C) A monopolist will charge the highest price at which any individual will purchase the product. D) A monopolist will shut down if price is less than average variable cost.