Average weekly hours in manufacturing is an example of a:

Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision?

A) at least $125,000 B) It depends on the "going rate" for home-care providers. C) the value she attributes to the satisfaction she receives from taking care of her parents D) zero, since she will no longer be earning a salary

If a monopolist has downward sloping average costs, he will not produce if he cannot price discriminate.

Answer the following statement true (T) or false (F)