For a monopolist, on the inelastic range of its demand
A) marginal revenue is negative.
B) marginal revenue is positive.
C) marginal revenue is equal to zero.
D) total revenue is maximized.
A
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Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve raises the required reserve ratio to 12 percent, then the bank will now have excess reserves of
A) $12,000. B) $0. C) -$2,000. D) -$12,000.
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, the firm's marginal revenue:
A. decreases as output increases. B. increases until the 3rd unit, then decreases. C. increases as output increases. D. is constant.