The table above gives the demand for a monopolist's output. Between which two quantities is demand elastic?

In the figure above, the marginal cost of producing a computer

A) increases as more computers are produced. B) stays the same as more computers are produced. C) decreases as more computers are produced. D) is the same as the marginal cost of producing a television set.

Generally, if a nation imposes a tariff on imports,

A. part of the tax is paid by foreign exporters. B. the entire tax is paid by foreign exporters. C. none of the tax is paid by foreign exporters. D. the tax has no impact on the profits of foreign exporters.