A monopoly:
a. can increase price and increase output at the same time.
b. can charge any price it wants and still sell all of its output.
c. can sell any output it produces provided it accepts the market price.
d. must lower price in order to increase output.
e. faces a perfectly elastic demand curve.
d
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An increase in the employment tax will have no effect on output if the labor supply curve
A) is perfectly vertical. B) has a positive slope. C) is perfectly horizontal. D) has a negative slope.
Which of the following is not considered investment in the national income accounts? a. The purchase of a drill press by XYZ company
b. Construction of a new housing project. c. The accumulation of inventories on a grocer's shelves. d. The purchase of 1000 shares of IBM stock.