Refer to Figure 4-2. What area represents producer surplus at a price of P2?

In the above figure, the area of rectangle ABHG represents the monopolist's

A) maximized economic profits. B) maximized total revenue. C) average total profits. D) total costs.

If the U.S. government changes its policy toward Cuba by allowing U.S. firms to export their goods to Cuba, the

a. Cuban aggregate expenditure curve will shift upward and the equilibrium level of national income in the U.S. will decrease b. Cuban aggregate expenditure curve will shift downward and the equilibrium level of national income in Cuba will decrease c. Cuban aggregate expenditure curve will shift upward and the equilibrium level of national income in Cuba will increase d. U.S. aggregate expenditure curve will shift downward and the equilibrium level of national income in the U.S. will decrease e. U.S. aggregate expenditure curve will shift upward and the equilibrium level of national income in the U.S. will increase