A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 ? Q. Which of the following is the marginal revenue function for the firm?

The question "Should we produce houses using bricks or wood?" is an example of a ________ question

A) what B) how C) why D) for whom E) where

As the economy moves up and to the left along the IS curve, which of the following will occur when exchange rates are flexible?

A) investment spending decreases B) consumption decreases C) the domestic currency appreciates D) all of the above E) none of the above