According to a study by Blinder et al., on average, fixed costs account for about 44 percent of firms' total costs of production, suggesting that fixed costs are more important to many firms' decision-making processes than standard theory would

Refer to the table above. Which of the following statements is true of the monopolist's marginal revenue?

A) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue decreases. B) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue increases. C) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue first increases then decreases. D) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue first decreases then increases.

As of 2012, the bank portion of TARP:

A) earned a profit of $21 billion B) earned a profit of $245 billion C) cost $266 billion D) cost $700 billion