Which of the following is most likely to have an income elasticity of demand that is less than 1?

Pension fund growth has been spurred by the recent development of "defined __________ plans," such as the __________ plan

A) benefit; 401(k) B) benefit; Keogh C) contribution; 401(k) D) contribution; Keogh

If a monopolist's price is $50 at 63 units of output and average total cost equals $43, then the firm's total profit is

A) $3,150. B) $2,709. C) $441. D) $7.