Assume that the price elasticity of demand is ?2 for a certain firm's product. If the firm raises price, the firm's managers can expect total revenue to:

Suppose it costs a farmer $1.00 to produce 1 unit of corn, $2.10 to produce 2 units of corn, and $3.30 to produce 3 units of corn. What's the marginal cost of producing 2 units of corn?

A) 0 B) 10 cents C) $1.10 D) $2.00 E) $2.10

The strongest argument for an independent Federal Reserve rests on the view that subjecting the Fed to more political pressures would impart

A) an inflationary bias to monetary policy. B) a deflationary bias to monetary policy. C) a disinflationary bias to monetary policy. D) a countercyclical bias to monetary policy.