If a monopolist owns or controls a key resource necessary for production, it is a source of:

When the demand for a good decreases, its equilibrium price ________ and equilibrium quantity ________

A) falls; increases B) falls; does not change C) rises; decreases D) rises; increases E) falls; decreases

If we take the production function and hold the level of output constant, allowing the amounts of capital and labor to vary, the curve that is traced out is called:

A) the total product. B) an isoquant. C) the average product. D) the marginal product. E) none of the above