If a corporation earns $1 million in revenues on $750,000 in expenses, including $415,000 from payrolls, and the corporate tax rate is 10 percent with a $100,000 exemption, then the corporate taxes would be

The process by which monopoly profits lead to technological progress in known as

A) economies of scale. B) destructive creation. C) imperfect competition. D) creative destruction.

If the price of a DVD falls,

i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. A) i only B) ii only C) iii only D) ii and iii E) i and iii