The growth theory that predicts perpetual economic growth is
A) classical growth theory.
B) neoclassical growth theory.
C) the new growth theory.
D) real growth theory.
C
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When a monopolist faces a fixed marginal cost of production, profit is maximized if:
a. the slope of the tangent to the total revenue curve is equal to the slope of the total cost curve. b. the slope of the total cost curve is 1. c. the marginal revenue is zero. d. the slope of the tangent to the total revenue curve is equal to the slope of the marginal revenue curve.
When the money market is drawn with the value of money on the vertical axis, if there is a shortage of money then
a. the value of money rises which will make people desire to hold more money. b. the value of money rises which will make people desire to hold less money. c. the value of money falls which will make people desire to hold more money. d. the value of money falls which will make people desire to hold less money.