For a single-price monopolist to sell one more unit of a good, it ...

[piesebel]

For a single-price monopolist to sell one more unit of a good, it must
 
  A) lower the price on just the last unit sold.
  B) lower the price on all units sold.
  C) raise the price on just the last unit sold.
  D) raise the price on all units sold.

Question 2

An economy currently has an inflationary gap. An increase in the money wage rate will ________ the inflationary gap and ________ the price level.
 
  A) decrease; decrease
  B) increase; increase
  C) increase; decrease
  D) decrease; increase

[jazzlynnnnn]

Answer to Question 1

B

Answer to Question 2

D