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Use the following to answer questions: Use the following to answer questions:   -(Table: Prices and Demand)  The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, the price effect is a(n)  _____ in total revenue of _____. A)  decrease; $20 B)  increase; $20 C)  decrease; $8 D)  increase; $8
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, the price effect is a(n) _____ in total revenue of _____.


Definitions:

Yield to Maturity

The total return anticipated on a bond if the bond is held until its maturity date, taking into account both interest payments and capital gain.

Zero-Coupon Bond

A debt security that does not pay interest (coupon) during its life but is traded at a deep discount, offering a profit at maturity when the bond is redeemed for its full face value.

Market Price

Market Price is the current price at which an asset or service can be bought or sold in a competitive marketplace.

Treasury Bond

A long-term, interest-bearing security issued by the U.S. government, considered one of the safest investments due to government backing.

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