About four out of five millionaires in the United States earned their money rather than inherited it

Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel = $4 and the price of an audio book = $8

If the marginal utility of the last novel was 32 units of utility (utils) what was the marginal utility of the last audio book purchased? A) 2 utils B) 12 utils C) 16 utils D) 64 utils

For a monopolist to sell more units of output

A. the other competing firms must sell fewer units. B. demand must become more elastic. C. the price must be reduced. D. the price must be increased.