Shad Signs a Promissory Note Payable to Theresa "With Interest

question 9

Multiple Choice

Shad signs a promissory note payable to Theresa "with interest" on which he conspicuously notes that it is "nonnegotiable." This instru?ment is

• A)negotiable.
• B)nonnegotiable,because it includes the notation "nonnegotiable."
• C)nonnegotiable,because it does not specify a rate of interest.
• D)nonnegotiable,because the exact amount payable cannot be deter?mined from the face of the instrument.

Analyze the impact of market structures on pricing and output decisions, including the differences between monopolies and competitive markets in terms of equilibrium price and quantity.

Understand the relationship between demand curves, marginal revenue, and marginal cost in the context of monopoly.

Interpret and calculate a monopolist's profit maximizing level of output and price using demand, cost, and marginal revenue information.

Identify the conditions under which a monopolist would increase, decrease, or maintain current output levels for profit maximization.