Wages in American industry are very high because of wage laws

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.

Which of the following workers is most likely to be asked to post a performance bond?

A) construction contractor B) fast food worker C) economics professor D) book author