In macroeconomic analysis, a transfer payment is considered a

Suppose that a non-discriminating monopolist lowers its price from $75 to $70 in order to sell more output. Marginal revenue will

a. equal $75 b. equal $70 c. be between $75 and $70 d. be less than $70 e. be greater than $75

Which of the following is not an implication of hardwired heuristics?

A. Getting people to make positive behavioral changes is about putting them in situations where heuristics kick in and lead them to the desired outcome. B. Getting people to make better decisions is simply a matter of providing more information and more options. C. People who know and understand hardwired tendencies of others can take advantage of situations. D. Even when confronted with irrefutable information that a behavior is detrimental, people still may not change what they're doing.