If the monopolist's linear demand curve intersects the quantity axis at Q = 30, then the monopolist's marginal revenue will be equal to zero at
a. Q = 10.
b. Q = 15.
c. Q = 20.
d. Q = 30.
b
Economics
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Imagine an economy whose autonomous consumption is $100 billion and MPC is constant at 0.90 . Which of the following will shift the economy's consumption curve upward?
a. a tax increase b. higher capacity utilization rates c. higher national income d. lower wealth holdings e. expectations of higher inflation in the future
Economics
A table which shows the quantities of a particular good or service that consumers are willing to purchase at various prices is known as a:
A. demand schedule. B. demand figure. C. demand curve. D. demand graph.
Economics