Global capital markets have which of the following characteristics
A) ease of entry.
B) many sellers.
C) very competitive.
D) all of these choices characterize this market.
D
Economics
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If a monopolist lowers its price and its demand is inelastic, then its
A) total revenue increases. B) total revenue decreases. C) total revenue does not change. D) total revenue is negative.
Economics
If you purchase a gift worth $25 for your sister, but your sister would be willing to pay only $10 is she bought the item for herself, then the:
A. Total utility of the gift is $35 B. Total utility of the gift is $15 C. Marginal utility of the gift is $15 D. Loss of value in the gift is $15
Economics