The formula for the growth rate of multifactor productivity is
A) a = y + bk + (1 - b)n.
B) y = a + bk + bn.
C) a = y - bk - (1 - b)n.
D) y = a - b/k(1 - b)n.
C
Economics
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A single-price monopolist will find when it produces its profit-maximizing amount of output that
A) price exceeds marginal revenue. B) price exceeds marginal cost. C) marginal revenue equals marginal cost. D) All of the above occur at the profit-maximizing output level.
Economics
A monopolist practicing price discrimination will always charge a higher price to the group of consumers which have less elastic demand
Indicate whether the statement is true or false
Economics