A monopolist has a marginal cost of $10 and no fixed cost. It faces the following inverse demand curve: p = 80 - q. The monopolist can engage in an advertising campaign that leads to a new inverse demand curve represented by p = 100 - q. What is the maximum amount that the monopolist is willing to spend in this campaign?

Which standard states that "the owner is entitled to receive 'what a willing buyer would pay in cash to a willing seller' at the time of the taking"?

A) the comparable sales method B) just compensation C) fair market value D) the equitable transactions cost method

The GDP deflator:

A. measures price changes for everything produced in the country. B. may include goods produced abroad. C. is computed using the quantities that are consumed in the economy each year. D. is the same as PPI.