Suppose the figure below illustrates the demand curve facing a monopolist. 
At a price of $8 per unit, the total revenue for this monopolist is ________ per day, and the marginal revenue earned from the last unit sold is ________.
A. $3,200; $8
B. $3,200; $0
C. $3,200; $4
D. $8; $8
Answer: B
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The belief that higher taxes on the rich are justified because they have obtained a disproportionately large allotment of the services, infrastructure, and protections the government provides is called
A) utilitarianism. B) diminishing marginal utility. C) the benefits-received principle. D) transcendentalism.
Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
If a country is producing efficiently and is on the production possibilities frontier, producing more of one good would result in a movement along the frontier
Indicate whether the statement is true or false
If the consumption of a good by one person reduces its consumption by others, then the good is
A. nonrivalrous in consumption. B. rivalrous in consumption. C. nonexcludable. D. excludable. E. b and d