If the ________ curve is relatively more unstable than the ________ curve, an interest rate target is preferred

A monopolist faces a demand curve given by P = 60 -2Q and has total costs given by TC = Q2. Its marginal revenue is MR = 60 - 4Q and its marginal cost is MC = 2Q. In autarky, what is the firm's equilibrium output?

a. 5 b. 10 c. 15 d. 20

A single-price monopoly has marginal cost of $23 and marginal revenue of $28. Which of the following is definitely correct?

A) It is maximizing profit. B) To increase profit, it should produce less. C) To increase profit, it should produce more. D) It should shut down. E) It is making an economic profit.