To measure GDP using the expenditure approach you must collect data on

A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30

If a governmental agency imposes an $8 per unit specific tax on output, the deadweight loss from both the monopoly and the tax is A) $37.50. B) $73.00 C) $526.50. D) $562.50.

Providing training for unemployed individuals is primarily intended to reduce

a. frictional unemployment. b. seasonal unemployment. c. structural unemployment. d. cyclical unemployment.