The marginal revenue product schedule is
A. the firm's resource demand schedule.
B. the firm's resource supply schedule.
C. the same whether the firm is selling in a purely competitive or imperfectly competitive market.
D. upsloping.
Answer: A
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Suppose a monopolist faces the demand curve shown below. 
The marginal revenue of the 35th unit of output is:
A. $-5. B. $20. C. $10. D. $0.
The use of money adds to wealth because it tends to increase people's
A) options. B) risks. C) costs. D) expenditures. E) elasticity of demand.
A monopoly ________
A. can choose its price and output and always has the option of price discriminating B. is a price taker and by offering a range of discounts can price discri-minate C. that produces a good that cannot be resold might choose to price dis-criminate D. book store that offers a discount on Tuesdays is price discriminating
When the government levies a tax where everyone is taxed the same fixed percentage of their incomes, this tax is known as a(n):
a. regressive tax. b. progressive tax. c. proportional tax. d. excise tax. e. luxury tax.