Dumping occurs when a foreign monopolist charges ______ price in the domestic market than/as in a foreign market.

A consumer's budget refers to the:

A) wealth she has acquired over time. B) prices of the goods she buys. C) amount of money she can spend on various goods and services. D) difference between the consumer's income and expenditure.

In general, increasing marginal returns occur

A) as output expands at low levels of production. B) through the entire range of production. C) as output expands at high levels of production. D) whenever the slope of the total product curve is positive.