Which statement is correct?
A. In the short run the pure monopolist will maximize total profits by producing at that level of output where the difference between price and average total cost is greatest
B. In the short run the pure monopolist will charge the highest price it can get for its product
C. Because of its ability to set its own price, the pure monopolist can increase price and increase its volume of sales simultaneously
D. Pure monopolists do not always realize positive profits, sometimes they suffer losses
D. Pure monopolists do not always realize positive profits, sometimes they suffer losses
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Which of the following would increase productivity?
a. an increase in the physical capital stock per worker b. an increase in human capital per worker c. an increase in natural resources per worker d. All of the above are correct.
From 1992, America’s trade performance was marked by a(n)
A. reduced current account deficit. B. increased current account deficit. C. reduced capital account surplus. D. increase in the growth of exports.