Figure 8.8 shows demand, marginal revenue, and costs of a duopolist. If the two duopolists have the same costs and split the market equally, each profit-maximizing duopolist will earn a profit of ________.

Refer to Table 2-2. Assume Billie's Bedroom Shop only produces pillows and blankets. Billie faces ________ opportunity costs in the production of pillows and blankets

A) negative B) constant C) decreasing D) increasing

Movements up along a particular short run Phillips curve ____ consistent with movements up along a short run aggregate supply curve; movements to the right along a particular short run Phillips curve ____ consistent with movements to the right along a short run aggregate supply curve;

a. Are; are b. Are; are not c. Are not; are d. Are not; are not