Suppose a monopolist has TC = 40 + 10Q + Q2, and the demand curve it faces is p = 130 - 2Q. What is the Lerner index of this profit-maximizing monopolist?

If domestic savings is less than domestic investment, then

A) a trade deficit occurs. B) the government runs a budget deficit. C) there will be a negative foreign investment. D) a trade surplus must result. E) Both A and C.

Use the following statements to answer this question: I. The income-consumption curve for perfect complements is a straight line. II. The price-consumption curve for perfect complements is a straight line

A) I and II are true. B) I is true and II is false. C) II is true and I is false. D) I and II are false.