When a certain monopoly sets its price at $8 it sells 64 units. When the monopoly sets its price at $10 it sells 62 units. The marginal revenue for the firm over this range is

The two-country, multi-product model differs from the two-country, two-product model in that, in the former

A) the relative wage ratio will determine the pattern of trade ( which good is exported by which country. B) which country will export which product is determined entirely by labor productivity data. C) full specialization is likely to hold in equilibrium. D) none of the goods are potentially nontraded. E) domestic relative prices are not relevant.

What is the full-employment output level?

a. The output level that results when the loanable funds market clears b. The output level that results when the returns to labor are zero c. The output level that results when factories are completely full d. The output level that results when the labor market clears e. The output level that would occur if the output level was positive.