Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

In the above figure, if the milk industry is perfectly competitive, then the firm's marginal revenue curve is represented by

A) curve F. B) curve G. C) curve H. D) curve I.

In the figure above, the curve that shows the diminishing marginal utility is

A) total utility curve A because it gets steeper as consumption of tomatoes increases. B) total utility curve A because it is higher than total utility curves B or C. C) total utility curve C because it gets flatter as consumption of tomatoes increases. D) total utility curve C because it is lower than total utility curves B and C.