Refer to the above graph. The profit-maximizing monopolist shown sets its price and output at:
A. 0G and 0Y, respectively.
B. 0J and 0V, respectively.
C. 0H and 0X, respectively.
D. 0G and 0V, respectively.
Answer: B
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Refer to Table 1-3. What is Ivan's marginal cost if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $25 D) $91.67
________ examines whether one variable affects another by using data to build a model that explains the channels through which this variable affects the other
A) Indirect-model evidence B) Organizational-model evidence C) Reduced-form evidence D) Structural-model evidence
In Figure 32.1, at the supported price-quantity combination where production is limited, the money consumers pay producers is 
A. 0HCQ*. B. 0ABQD. C. 0P*CQ*. D. 0PfloorBQD.
The main factor in determining how much one plot of land is worth relative to another plot is
A. its fertility. B. the average amount of rainfall. C. its location. D. None of the choices are true.