If an unregulated electric company is a monopolist, faces demand of Q = 100 - 50P, and has constant total costs, the profit-maximizing level of output is

The above table shows some cost data for Tracey's Tents. What is the marginal cost of the 3rd tent?

A) $25 B) $20 C) $70 D) $120

Damage from floods and hurricanes which destroy a large portion of this year's crop of oranges will definitely make oranges more price inelastic in supply

Indicate whether the statement is true or false