If someone gives you a free ticket to the movies, then there is no opportunity cost involved with going to the movies

The Medicaid program is financed by _____

a. excise taxes b. state governments c. the federal government d. state governments and the federal government

Refer to the graph below. When total revenue falls as output expands, marginal revenue is:

The following graph shows a total revenue curve for a monopolist.




A. Positive
B. Negative
C. Zero
D. Greater than demand at that output level