Table 10.2Table 10.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its total profit under the student discount policy?

If the government implements a tax on the general public to pay for street lighting in one neighborhood,

A) the tax redistributes well-being and the benevolent social planner is not pleased. B) the tax redistributes well-being, but the benevolent social planner is pleased. C) the tax reduces well being and the benevolent social planner is not pleased. D) the tax has no bearing on well-being and the benevolent social planner is indifferent.

Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per movie rental?

A) $2.00 B) $2.25 C) $2.50 D) $3.00