A monopolist sets price at $12 and sells 250 units. The marginal revenue and marginal cost corresponding to this level of output are $8 and $6 respectively. What recommendation would you give this monopolist?

Raise the price and lower the output level

Lower the price and increase output

Keep the same price and output level

Lower the price and decrease output

Raise the price and raise the output level

A firm's total cost is $12,000. Its variable cost is $5,5000. What is the firm's fixed cost?

None of the other answer are correct

$6,500

$3,500

$2.22

$4,500

A factory produces 100 MP# players per week. AVC+ $10 and FC=$10,000. The factory's TC equals

$50,000

$10,010

$20

$15,000

$11,000

Everything else the same, in the foreign exchange market which of the following will increase the supply of U.S dollars?

U.S interest rates fall

All of the other answer are correct

U.S income galls

The price level in the U.s Falls relative to the price level in Japan

Japanese interest rates fall