An increase in the unemployment rate which is accompanied by an increase in the inflation rate is represented by a ________ the Phillips curve

For a monopolist, marginal revenue is:

a. less than price. b. equal to price. c. greater than price. d. greater than average revenue.

If a scalper for the Super Bowl is able to charge $5,000 for a front-row seat, this suggests that

A. at the regular price, the quantity of Super Bowl tickets demanded equals the quantity supplied. B. at the regular price, there is a shortage of Super Bowl tickets. C. the scalper is making the football fan worse off. D. at the regular price, there is a surplus of Super Bowl tickets.