« 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 106 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

The mammalian urinary system including the basic functional unit of the nephron. The mammalian urinary system including the basic functional unit of the nephron.
The upper intake manifold, often called a plenum, attaches to the lower intake manifold. The upper intake manifold, often called a plenum, attaches to the lower intake manifold.
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
50-Unit Insulin Syringe 50-Unit Insulin Syringe
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Orientation and structure of a nephron, the functional unit of the kidney. Orientation and structure of a nephron, the functional unit of the kidney.
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library