Using the above table, the marginal utility for the sixth glass of water is

As several eastern states began to legalize casino gambling, the revenues of casinos in Atlantic City began to ________ and their profits ________

A) fall; decreased B) rise; decreased C) fall; increased D) rise; increased

If a firm in a monopolistically competitive market successfully uses advertising to decrease the elasticity of demand for its product, the firm will

a. be able to increase its markup over marginal cost. b. eventually have to reduce price to remain competitive. c. increase the welfare of society. d. reduce its average total cost.