Which of the following is an experiment which tests whether fairness is important in consumer decision making?

The term "bottleneck" refers to

a. when increasing variable inputs must share a fixed amount of complementary input. b. "fixity" of some factor c. None of the above d. Both a and b

As a monopolist increases the quantity of output produced, what happens to price (P) and marginal revenue (MR)?

a. both P and MR remain constant b. P is constant, but MR decreases c. P decreases, but MR is constant d. both P and MR decrease, but P falls faster than MR e. both P and MR decrease, but MR falls faster than P