Truman likes baseball more than football, football more than basketball, and basketball more than baseball. Which assumption about consumer preferences does this violate?

David paid $75 for jeans but was willing to pay $100. What is David’s consumer surplus?

The curve that connects a consumer’s optimal bundles at each income level is identified as _______.      

A visual representation of the production costs of a firm and its output is shown through the _______.      

At a price floor of $750, there is an excess supply of _____ tons of peanuts.    

Which of the following would cause the demand curve for a good to shift to the right?      

In a perfectly competitive market, a firm can _____.

To assess how responsive quantity demanded is to changes in the price of your product, you should do the following: examine the ratio of the percentage change in _____ to the percentage change in _____ that brings about the change in _____.

A firm is assumed to maximize _______ in the view of an economist.

L’Assassinat du Duc de Guise (1908) is significant because it: