Refer to Figure 4-3. If the market price is $3.50, what is the consumer surplus on the first ice cream cone?

The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. If Light-U-Up is unregulated, it will produce ________ and sell at a price of ________

A) 200 kwh; 10¢ per kwh B) 200 kwh; 30¢ per kwh C) 300 kwh; 20¢ per kwh D) 400 kwh; 10¢ per kwh

The Great Depression is thought to have been prolonged and made deeper by

A) contraction of the money supply. B) the stock market crash. C) speculative behavior of investors. D) rapid inflation.