A monopoly restricts output and charges a higher price than other types of firms.

In the figure above, U.S. consumers buy ________ airplanes per year at ________ million per airplane

A) 200; $150 B) 400; $100 C) 700; $150 D) 400; $150 E) 200; $100

Homer has been saving to buy a new car in five years and expects that the car of his dreams will cost $35,000

If the interest rate is 8 percent per year, how much money should Homer have in his bank account today in order to have enough money to buy the car in 5 years? A) $1,852.28 B) $22,055.94 C) $23,820.41 D) $25,726.04