Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist.At this monopolist's profit-maximizing level of output, consumer surplus is ________.

Which of the following is a limitation of using arithmetic averages to calculate growth rates?

A) Arithmetic averages do not capture the exponential nature of growth and thus are not apt for long-run prediction. B) Arithmetic averages cannot be used in case of negative growth. C) Arithmetic averages are difficult to calculate. D) The calculation of growth using arithmetic averages requires more data than other methods.

Comparative advantage matters most in determining the efficient distribution of production over the world

a. True b. False Indicate whether the statement is true or false