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Author Question: In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at ... (Read 100 times)

sammy

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on: Jun 29, 2018
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.


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aham8f

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


sammy

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  • Posts: 818
Reply 2 on: Jun 29, 2018
Excellent

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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