An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 30?

Which combination of government policies would be most likely to increase labor supply?

a. Increasing income tax rates and cutting transfer payments to the needy b. Decreasing income tax rates and cutting transfer payments to the needy c. Decreasing income tax rates and increasing subsidies to businesses for hiring certain kinds of workers d. Increasing income tax rates and cutting subsidies to business e. Cutting transfer payments to the needy and increasing subsidies to business

The government currently has a time limit on welfare. Although families may be eligible for welfare on more than one occasion, eligibility per family runs out after

a. six months of benefits b. two years of benefits c. five years of benefits d. ten years of benefits e. never