The figure illustrates the market for hot dogs on Big Foot Island. The producer surplus is ________

The revenue raised by printing money is called:

A. interest rates. B. velocity. C. seigniorage. D. nominal income.

As more producers with differing marginal rates of transformation are added, the joint production possibility curve becomes

A) steeper. B) flatter. C) more convex to the origin. D) smoother.