A computer manufacturer sells laptops to retail stores for $450 each. If the manufacturer pays $200 for all of the components in each laptop and $75 in wages to it's workers, the value added to each computer by manufacturing is

If a new seller enters a market to compete with an existing natural monopoly, it will:

A) decrease the costs for both the sellers. B) increase the costs of production for both the sellers. C) increase the production costs for the existing seller, and a decrease in the costs for the new entrant. D) decrease the production costs for the existing seller, and an increase in the costs for the new entrant.

Refer to Table 10-1. If Keegan can drink all the bubble tea he wants for free, how many glasses will he consume?

A) 4 glasses B) 5 glasses C) 6 glasses D) 7 glasses