In monopolistic competition, in the short run a firm maximizes ...

[sammy]

In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at which marginal cost equals
 
  A) average total cost.
  B) marginal revenue.
  C) price.
  D) zero.

Question 2

According to the quantity theory of money, a 15 percent increase in the quantity of money creates a 15 percent rise in
 
  A) the price level.
  B) the velocity of circulation.
  C) real GDP.
  D) the unemployment rate.

[aham8f]

Answer to Question 1

B

Answer to Question 2

A

[sammy]

Thanks for the timely response, appreciate it

[TheDev123]

Gracias!