Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm will be operating in the:

If C = 2000 + .9YD, what decrease in taxes must occur for equilibrium output to increase by 1000?

A) 111 B) 100 C) 1000 D) 500

If the price floor of a market is raised, which of the following would happen?

a. The consumer surplus would increase, the producer surplus would decrease and the dead weight loss would decrease b. The consumer surplus would decrease, the producer surplus would decrease and the dead weight loss would increase c. The consumer surplus, the producer surplus and the dead weight loss would all decrease d. The consumer surplus, the producer surplus and the dead weight loss would all increase e. The consumer surplus would decrease, the producer surplus would increase and the dead weight loss would increase