Agree or disagree with each statement and explain why:

1. The marginal product of labor and the marginal cost of production are mirror images of each other
2. When given the choice between a profit-maximizing monopolist using a single price strategy, and a monopolist who uses a profit-maximizing two-part pricing strategy, they will always choose the latter.
3. A monopolist will never operate at the inelastic portion of a straight-line demand curve