When total expenditures are greater than total production, __________ is produced than households want to buy, which leads to __________ in inventory, which signals firms that they have __________, which causes firms to increase production

Refer to Figure 16-5. Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the monopoly price

What is the revenue collected from the fixed fee portion of the price? A) $10,240 B) $7,870 C) $2,560 D) $1,440

Ebay's use of "bidding agents" will

a. effectively turn an English auction into a Vickery auction b. effectively turn a Vickery auction into an English auction c. decide how much to shade your bid for you d. make you a more aggressive bidder