The monopolist has no supply curve because
A) the quantity supplied at any particular price depends on the monopolist's demand curve.
B) the monopolist's marginal cost curve changes considerably over time.
C) the relationship between price and quantity depends on both marginal cost and average cost.
D) there is a single seller in the market.
E) although there is only a single seller at the current price, it is impossible to know how many sellers would be in the market at higher prices.
Question 2
The completion of a degree or course of study is a good labor market signal
A) only if what is learned in that educational process relates directly to the job the individual is being considered for.
B) only if there is a positive correlation between academic success and wage income.
C) primarily because individuals develop good habits in college that serve them well in other areas later on.
D) because all individuals have the opportunity (in the United States) to pursue higher education.
E) because people who possess the traits that make them more productive in the workplace have an easier time completing an education than those who don't.
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