If the market in the figure above is a profit-maximizing single-price monopoly, consumer surplus is the area ________

Refer to Scenario 1-4. Using marginal analysis terminology, what is another economic term for the incremental cost of producing the last 500 cigars?

A) explicit cost B) operating cost C) marginal cost D) Any of the above terms are correct.

Which of the following countries experienced the sharpest fiscal contraction in order to gain admission to the Euro club?

A) Portugal B) Spain C) Italy D) France