When the price level ________, the demand curve for money shifts to the ________ and the interest rate ________, everything else held constant

Diminishing marginal returns refers to the fact that

a. holding other inputs constant, additional increases in labor lead to smaller changes in output. b. holding other inputs constant, additional increases in labor lead to lower output. c. additional increases in labor always lead to smaller changes in output d. the returns to labor fall as real wages rise.

Suppose that market demand for a good is Q = 480 - 2p. The marginal cost is MC = 2Q. Calculate the deadweight loss resulting from a monopoly in this market

What will be an ideal response?