If a perfectly competitive apple farm's marginal revenue exceeds the marginal cost of the last bushel of apples sold, what should the farm do to maximize its profit?

Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal

A) $3.87. B) $5.80. C) $12.10. D) $18.14.

Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the producer's burden of the tax

A) is Pa - Pd under either supply curve. B) is Pa - Pd if the supply curve is S0 and Pb - Pe if the supply curve is S1. C) is Pc - Pd if the supply curve is S0 and Pc - Pe if the supply curve is S1. D) is Pb - Pe under either supply curve.