A monopolist faces a demand curve given by P = 20 - Q and has total costs given by TC = Q2. By using a bit of calculus, you should be able to determine that the firm's marginal revenue is MR = 20 - 2Q and its marginal cost is MC = 2Q. What is its profit-maximizing output level?

Fill in the blank: By 2011, U.S. GDP was approximately ________ times greater than it had been in 1820, while GDP in India was approximately ________ times greater than it had been in 1820

A) 50; 40 B) 775; 10 C) 200; 85 D) 315; 700 E) 5; 10

Fiscal policy is the management of aggregate demand through changes in taxes and government spending

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