Say a monopolist sells in two separate markets, with demand PA = 100 - 2Q and PB = 50 - Q respectively. Marginal costs in both markets are constant and equal to 8. The profit maximizing quantity of output in market A would be

Starbucks sells coffee in both New York City and in rural upstate New York. The price of coffee is higher in New York City

This fact means that the value of marginal product of land is ________ in New York City and so Starbucks is willing to pay a ________ rent in New York City. A) lower; lower B) higher; lower C) lower; higher D) higher; higher

The demand curve depicts quantities demanded that have been gathered as prices have changed over time

a. True b. False Indicate whether the statement is true or false