At the current price of a good, Al's consumer surplus equals 8, and Ben's consumer surplus equals 15. By using two-part pricing, a monopolist could increase his profit by

The three ways government can alter aggregate demand are:

A. Agriculture subsidies, science & technology subsidies, and education grants. B. Provide or deny food, clothing, and shelter. C. Nationalization of private businesses, institution of price controls, and Pigouvian taxes on externalities. D. Tax the Internet, close the bars, and ban football. E. Government spending, tax policy, and transfer of income

Over the past century, the average household income in the United States

A. has increased in nominal terms but has decreased in real terms. B. has increased in nominal terms but has remained constant in real terms. C. has increased in real terms. D. has increased only marginally both in real and nominal terms.