« 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 107 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?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Anatomical and common names for the pelvic girdle and lower extremity. Anatomical and common names for the pelvic girdle and lower extremity.
The basic unit of life - cell The basic unit of life - cell
Lower extremity blood pressure cuff Lower extremity blood pressure cuff
If a cylinder(s) is lower than most of the others, use an oil can and use two squirts of engine oil ... If a cylinder(s) is lower than most of the others, use an oil can and use two squirts of engine oil ...
The Upper (A) and Lower (B) Respiratory Tracts (2 of 2) The Upper (A) and Lower (B) Respiratory Tracts (2 of 2)
Two examples of a single crossover between two nonsister chromatids Two examples of a single crossover between two nonsister chromatids
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library