A firm is concerned about the possibility of patent infringement and has hired an attorney to review patents. If the attorney is reviewing 100 patents and the marginal cost of reviewing the 100th patent is $30 and the expected marginal benefit of reviewing the 100th patent is $25, which of the following is true?
A) The firm's total cost of infringement will increase if the number of patents reviewed decreases.
B) The firm's total cost of infringement will decrease if the number of patents reviewed decreases.
C) The firm is minimizing the total cost of infringement.
D) The firm's total cost of infringement will decrease if the number of patents reviewed increases.
B) The firm's total cost of infringement will decrease if the number of patents reviewed decreases.
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If interest rates increase, the present value of a given payment in the future will
A) cause an inflation. B) remain the same. C) increase. D) decrease.
Referring to Figure 34.2, the number of tickets that this promoter will choose to sell will 
Figure 34.2
A. sell out the facility and will be more than capacity. B. be more than capacity. C. be such that there are many empty seats. D. sell out the facility.
Imagine Tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his financial assets generate $1,000 per year in interest. One day, after deciding to be his own boss, he quits his job, evicts his tenants, and uses his financial assets to establish a bicycle repair shop. To run the business, he outlays $15,000 in cash to cover all the costs involved with running the business, and earns revenues of $50,000. Tom should:
A. keep his shop going because he's earning a healthy $35,000 a year. B. keep his shop going because he's earning $5,000 more than his salary before. C. close his shop and go back to what he was doing before with his time and assets, because it was earning him $6,000 more than he's earning now. D. None of these is true.
Monopsonists hire the amount of labor that will equate the marginal factor cost with the derived demand curve for labor.
Answer the following statement true (T) or false (F)