Suppose the demand for milk is relatively inelastic. What happens to sales revenue if the government imposes a price floor above the free-market equilibrium price in the market for milk?

Which of these persons is not investing in human capital?

A) A business student studying accounting B) A teenager who stays with a job she dislikes in order to obtain a favorable recommendation from the employer when she leaves C) A professional boxer lifting weights D) A student purchasing shares of stock in a computer software manufacturer E) An aspiring opera singer taking courses in conversational Italian

The monopolist's total revenue curve is represented graphically by a positively sloped line.

Answer the following statement true (T) or false (F)