For a monopoly, the value of the next worker equals
A) MR ? MPL.
B) (price + the effect of increased output on price) ? MPL.
C) P(1 + 1/e) ? MPL
D) All of the above.
D
Economics
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In the above table, saving must be
A) -$300 billion. B) $300 billion. C) $400 billion. D) -$400 billion.
Economics
Based on the data in the above table, then if opportunity costs are constant, the opportunity cost of producing one cuckoo clock in the United States is ________, and the opportunity cost of producing one cuckoo clock in Switzerland is ________
A) 3 movies; 1.33 cuckoo clocks B) 0.33 movies; 0.67 cuckoo clocks C) 0.67 movie; 1.5 movies D) 1.5 movies; 0.67 movie
Economics