Monopoly manufacturer faces two types of consumers. The first type has a relatively flat, linear demand curve. The second type has a relatively steep, linear demand curve. Suppose the monopolist can choose the price and quantity for each type that maximizes its profits. For the first type, it will set a relatively. For the second type, it will set a relatively

1. low price and high quantity
2. high price and low quantity
3. low price and low quantiyty
4. high price and high quantity

Enjoli enjoys science and foreign language classes. she loves working with people and volunteers in the local shelter and library on a regular basis, but she is not fond of flying. which career is she most likely to enjoy?

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop

Apublicist's compensation package includes the total cost of a $180-per-month health insurance plan, the total cost of a $35-per-month life insurance plan, and a salary of $42,000 per year. what is the yearly value of the compensation package?