A movie monopolist sells to students and adults. The demand function for students is QdS = 600 - 100P and the demand function for adults is QdA = 1,200 - 100P. The marginal cost is $2 per ticket. What is the difference in the monopolist's profit when it is able to price discriminate and when it cannot?

A White House proposal to lower business taxes by increasing tax deductions is an example of

A) progressive taxation. B) contractionary fiscal policy. C) automatic stabilization. D) expansionary fiscal policy.

The use of government spending and taxation to make changes in the level of national income is known as fiscal policy

Indicate whether the statement is true or false