Consider a monopolist who charges a single price to all of its customers. If this monopolist starts price discriminating, its output will ________ and its profit will ________.

A competitive firm rents capital until the marginal product of capital equals the:

A. real wage. B. real rental price of capital. C. price of output. D. capital/labour ratio.

"Crowding out" refers to the decrease in ________ that may result from an increase in government spending

A) private investment B) imports C) private saving D) all of the above E) none of the above