Which of the following is a macroeconomic question?
a. What is a firm's profit-maximizing level of output?
b. How will economic growth affect unemployment?
c. How will a consumer maximize his utility?

If the consumption of sugar does not change at all following a price increase from 50 cents per pound to 65 cents per pound, the demand for sugar is considered to be

A) relatively inelastic. B) perfectly elastic. C) perfectly inelastic. D) unitary elastic.

A monopolist will maximize profits by:

a. setting his price as high as possible. b. setting his price at the level that will maximize per-unit profit. c. producing the output where marginal revenue equals marginal cost. d. producing the output where price equals marginal cost.