Suppose the equilibrium price of movie tickets is $10. If the supply curve for movies shifts ________, the equilibrium price will ________

For a monopolist, the reason that marginal revenue is less than price is

A) because of the perfectly elastic demand curve that the monopolist faces. B) because the monopolist must lower the price of the good in order to sell an additional unit. C) because of the U-shaped average revenue curve. D) because of the lack of competition in the market.

Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the probability of drawing a red marble in each game?

A. 10 percent in both games B. 10 percent in the first game and 25 percent in the second game C. 25 percent in the first game and 10 percent in the second game D. 25 percent in both games