Refer to the above figure. Which diagram shows the effect on the market of Corn Flakes when the demand for Corn Flakes has increased?

In the above figure, at point b on the demand curve, a price cut of one dollar will

A) increase total revenue. B) decrease total revenue. C) leave total revenue unchanged. D) have an indeterminate effect on total revenue.

Refer to Table 2-12. Honduras has a comparative advantage in the production of

A) sailboats. B) canoes. C) both products. D) neither product.