A monopoly will maximize profits at the level of output at which
A) MR = MC.
B) MR = AFC.
C) MC = ATC.
D) MC = P.
Answer: A
Economics
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Though many assets can be used as a store of value, money is a particularly attractive method to store value because:
a. it increases in value as prices rise. b. its purchasing power does not decline when prices rise. c. it is the most liquid of all assets. d. it is backed by gold.
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In 2015, exports represented:
A. about 13 percent of U.S. GDP. B. about 1 percent of U.S. GDP. C. about 30 percent of U.S. GDP. D. nearly 20 percent of U.S. GDP.
Economics