Using the figure above, which of the following statements is (are) correct?
i. MR = MC when 3 haircuts are produced.
ii. If the firm charges each customer the same price for a haircut, the price of a haircut is $42.
iii. The firm's MC equals $30.
A) i only
B) ii only
C) i and ii
D) i and iii
E) None of the above is correct.
A
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Most stock market experts agree that monetary policy
A) has virtually no impact on stock prices. B) has a minor impact on stock prices. C) has a significant impact on stock prices. D) is the only determinant of stock prices.
Which of the following is most likely to shift the demand curve for electricity to the left?
a. consumers becoming more energy conscious. b. an increase in income. c. a decrease in the price of electricity. d. an increase in the price of natural gas, a substitute source of energy.