Price discrimination increases producer surplus for a monopolist
Indicate whether the statement is true or false
T
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If the existence of alternative opportunities makes people become less willing to work in poultry processing plants, then the real wage of unskilled workers in poultry processing plants is predicted to ________ and the employment of unskilled workers in poultry processing plants is predicted to ________.
A. increase; not change B. decrease; decrease C. increase; decrease D. increase; increase
On an isoquant, the MRTS is defined as
A. MP + MPL.
B. MPL * MPK.
C. MPK/MPL at the relevant point on the isoquant.
D. 
.
Once people hear what the majority of individuals like them are doing, they are most likely going to choose:
A. something slightly worse, because they don't want to be taken advantage of. B. the same, because they typically don't like to be outliers. C. something better, because they typically want to be special. D. None of these is likely.
When economists say that health care services are overconsumed, they mean that:
A. rich people buy too much health care and poor people buy too little. B. some resources now used in the health care industry could produce alternative goods and services that society values more highly. C. health care is being purchased in amounts such that marginal benefits exceed marginal costs. D. the price of health care is below equilibrium so that quantity demanded exceeds quantity supplied.