Suppose a jar of DeLux popcorn that is ultimately sold to a customer at Friendly Groceries is produced by the following production process:  Name of CompanyRevenuesCost of Purchased InputsFulton Family Farm$0.500DeLux Popcorn Co.$2.50$0.50Friendly Groceries$4.00$2.50 What is the value added of DeLux Popcorn Co.?

If the demand for a monopoly's output shifts rightward, the change in quantity produced is NOT predictable because

A) the monopoly is a profit maximizer. B) the monopoly is a price taker. C) the monopoly has no supply curve. D) the monopoly's marginal cost curve might not be upward sloping.

What was not one of the primary reasons why people opposed the First and Second Banks of the United States?

a. They printed too much money and triggered a substantial inflation. b. They had monopoly control over some banking activities. c. They were unconstitutional. d. They did not provide sufficiently generous lending policies.