« previous next »

Author Question: For a single-price monopolist to sell one more unit of a good, it must A) lower the price on just ... (Read 45 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
For a single-price monopolist to sell one more unit of a good, it must
 
  A) lower the price on just the last unit sold.
  B) lower the price on all units sold.
  C) raise the price on just the last unit sold.
  D) raise the price on all units sold.

Question 2

An economy currently has an inflationary gap. An increase in the money wage rate will ________ the inflationary gap and ________ the price level.
 
  A) decrease; decrease
  B) increase; increase
  C) increase; decrease
  D) decrease; increase


jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Mendel's analyses of single-factor crosses Mendel's analyses of single-factor crosses
Viral single-strand DNA (circular) Viral single-strand DNA (circular)
How to evaluate angles using sine, special triangles, the unit circle (Part 1) How to evaluate angles using sine, special triangles, the unit circle (Part 1)
Biosynthesis of the repeating oligosaccharide unit of the O antigen of Salmonella typhimurium Biosynthesis of the repeating oligosaccharide unit of the O antigen of Salmonella typhimurium
The RecA strand exchange reaction as shown from single-molecule studies The RecA strand exchange reaction as shown from single-molecule studies
Organic Diets Significantly Lower Children’s Dietary Exposure to Organophosphorus Pesticides Organic Diets Significantly Lower Children’s Dietary Exposure to Organophosphorus Pesticides
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library