Which of the following is true of the marginal revenue for a monopolist?
a. As a monopoly increases production, marginal revenue decreases
b. As a monopoly increases production, marginal revenue increases.
c. As a monopoly increases production, marginal revenue remains constant.
d. As a monopoly increases production, marginal revenue first increases and then remains constant.
a
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Suppose this economy is currently closed. ________ is/are most likely to want open trade, and ________ is/are most likely to oppose opening the economy to trade. 
A. bike manufacturers; bike purchasers B. the government; bike purchasers C. bike manufacturers; the government D. bike purchasers; bike manufacturers
With regard to agricultural productivity (grain crops) in the post-Civil War period (1870–1910),
(a) output per acre went up significantly. (b) output per man-hour went up significantly. (c) output per unit of energy input went up significantly. (d) all of the above occurred.
A positive externality
a. is a benefit to the producer of the good. b. is a benefit to the consumer of the good. c. is a benefit to someone other than the producer and consumer of the good. d. results in an optimal level of output.
A demand curve that is drawn as a vertical line has a price elasticity of demand equal to:
A. the quantity. B. 0. C. 1. D. infinity.