If it costs Vijay $150 to design 5 Web sites and $175 to design 6 Web sites, then $175 is the marginal cost of producing the 6th Web site

Excess demand in an unregulated market will cause the price of a product to fall

Indicate whether the statement is true or false

Faced with a decrease in the demand for its product, a monopolist will lower prices and maintain output at its previous level if

A) the gain in profit is less than the increase in real wages paid. B) the gain in profit is less than the decrease in real wages paid. C) the gain in profit is less than the menu costs. D) the gain in profit is greater than the increase in menu costs.