If producing a soccer ball costs Jake $5, and he sells it for $40, his producer surplus is $45

If the price of gasoline increases and the price of food remains the same, then real income measured in terms of

A) gasoline increases. B) gasoline decreases. C) food increases. D) food decreases.

The local cable TV company charges a "hook-up" fee of $30 per month. Customers can then watch programs on a "pay-per-view" basis (a fee is charged for every program watched). This is an example of

A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) intertemporal price discrimination. E) none of the above