Refer to above figure. Assume that Boeing is the first to enter the Hungarian market. Without a government subsidy what price would they demand, and what would be their total profits?

When the opportunity cost of producing more of a good is increasing, the marginal cost of producing more of the good is

A) decreasing. B) constant. C) increasing. D) More information is needed to answer the question.

The ________ elastic a firm's demand curve, the greater its ________

A) less; monopoly power B) less; output C) more; monopoly power D) more; costs