"Second-hand" smoke is an often cited disadvantage of allowing smoking in restaurants. In economics, "second-hand" smoke is referred to as a(n)

The opportunity cost of economic growth is ________ and the benefit of economic growth is ________

A) increased current consumption; increased future consumption B) increased current consumption; decreased future consumption C) decreased current consumption; increased future consumption D) decreased current consumption; decreased future consumption E) nothing; increased future consumption

To maximize profit a monopolist will produce where

A) marginal revenue is equal to marginal cost. B) average total cost is equal to average revenue. C) demand for its product is unit elastic. D) revenue per unit is maximized.