Assuming the demand curve is downward sloping, as price increases, the price elasticity of demand for a good (in absolute value) and marginal revenue:
A) increase.
B) stay the same.
C) decrease.
D) cannot be determined.
A
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This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope. 
The socially optimal number of bags of litter removed from the roadside each day is:
A. 20. B. 15. C. 10. D. 30.
What is an aggregate demand curve
a. The demand of an individual with respect to price b. The total demand of the market with respect to price of a good c. The preference of an individual in the market d. None of the above
With respect to the average cost curves, the marginal cost curve
a. intersects average total cost, average fixed cost, and average variable cost at their minimum points b. intersects average total cost, average fixed cost, and average variable cost at their maximum points c. intersects both average total cost and average variable cost at their minimum points d. intersects average total cost where it is increasing and average variable cost where it is decreasing e. intersects only average total cost at its minimum point
Which real-world market most closely approximates perfect competition?
a. the stock market b. automobiles c. higher education d. cable television services e. retail clothing stores