Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist.  The profit-maximizing price for this monopolist to charge is:

Sudden and extensive changes in property rights make social cooperation less effective by

A) encouraging excessively conservative attitudes. B) inducing people to save for the future rather than spending now. C) making planning more difficult. D) reducing the power of government to manage the economy.

Economists and accountants both think of profits as total revenue minus total cost, but what they include in costs may differ

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