The costs associated with recalculating prices and printing new price lists when there is inflation are known as

With regard to the characteristics of production indifference curves, which of the following statements is/are NOT true? a. Higher curves correspond to larger outputs

b. An indifference curve will generally have a negative slope. c. An indifference curve is typically assumed to curve inward toward the origin near its middle. d. All of the above are true for production indifference curves, but not for isoquants. e. b and c

This table represents the revenues faced by a monopolist.PriceQuantity SoldTotal RevenueAverage RevenueMarginal Revenue$1,0001$1,000  $9002$1,800  $8003$2,400  $7004$2,800  $6005$3,000  $5006$3,000  $4007$2,800  Using the information in the table shown, the average revenue for 5 units is:

A. $300 B. $600 C. $120 D. $3,000