When price is $10 the monopolist can sell 100 units. In order to sell 101 units, the price must fall to $9 . Which of the following is the monopolist's marginal revenue from selling the 101st unit?

A haircut (in finance) is ________

A) the payment of a block of funds as part of a refinancing arrangement B) the percentage by which the value of collateral exceeds the value of the loan C) the issue of equities rather than debt in acquiring access to money capital D) the immediate end of lending to subprime borrowers

If good salespeople are extremely risk averse, then a choice between a fixed-fee contract and a contingent contract

A) avoids a moral hazard. B) will result in all job candidates choosing the contingent contract. C) will result in an efficient contract. D) may not be a good screening device.