Refer to the graph below for a profit-maximizing monopolist. The firm will produce the quantity:

Refer to Table 10.1. Suppose that all of the information given in the Table remains the same except that taxes increase by $1.0 billion and transfers increase by $1.5 billion

If potential GDP equals $30 billion, by how much would government purchases have to change for equilibrium GDP to equal potential GDP? A) $1 billion B) $1.25 billion C) $1.5 billion D) $5 billion

Marginal revenue is

a. the change in total revenue obtained by selling an additional unit of output b. average revenue per unit of output c. the change in total revenue per unit of cost d. total revenue divided by average revenue e. average revenue divided by marginal cost