Suppose the accompanying figure illustrates the demand curve facing a monopolist.If the monopolist decreases its price from $12 to $10, its total revenue will ________.
A. increase by $1,000
B. decrease by $1,000
C. decrease by $600
D. increase by $600
Answer: D
Economics
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As a consumer consumes more and more of a product in a particular time period, eventually marginal utility
A) fluctuates. B) rises. C) is constant. D) declines.
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_________ transfers, which are included in the trade balance, are payments made by government, private charities, or individuals in which money is sent abroad without any direct good or service being received.
a. Lateral b. Bilateral c. Unilateral d. Non-lateral
Economics