If A>B and B>C do not imply A>C, where > means "preferred to", then preferences are intransitive

A firm in monopolistic competition maximizes its profit by ________

A. differentiating its good and producing the quantity at which price equals marginal revenue B. producing the quantity at which marginal revenue equals marginal cost and then adding a markup C. raising its price and producing so that it always has excess capacity D. producing the quantity at which marginal cost equals marginal reve-nue and charging the highest price at which it can sell that quantity

Which of the following is the best example of an automatic stabilizer?

a. a balanced federal budget b. the minimum wage c. unemployment compensation program d. discretionary fiscal policy