If the San Diego Opera decreases the price of their opera tickets and their total revenue falls, then this suggests that, at the original price, the demand for tickets to the San Diego Opera was:

Behavior on the part of the firm that allows it to comply with the letter of the law but violate the spirit reducing the law's effect is

A) asymmetric information. B) creative response. C) the lemons problem. D) only a problem in a monopoly.

Assume a company is at a point in production where marginal product is above average product. Which of the following must be true?

A. Marginal product must be rising. B. Diminishing marginal product must not have set in yet. C. Average product must be rising. D. All of these are true.