If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then
A) to maximize profit the firm should decrease output.
B) to maximize profit the firm should continue to produce the output it is producing.
C) to maximize profit the firm should increase output.
D) Not enough information is given to say what the firm should do to maximize profit.
B
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If, in 2000, $1 = 1.5 euros, and in 2007, $1 = 0.9 euros, which of the following statements would be TRUE?
a. More American tourists will find it cheaper to travel to Europe. b. More Europeans will stay home as visits to the United States become more expensive. c. Europeans will import fewer products from the United States. d. Americans will import fewer products from Europe.
From a bank's point of view, its deposits are liabilities
a. True b. False Indicate whether the statement is true or false