Refer to the figure above. If the average cost faced by the monopolist when it produces and sells the optimal output is $4, ________

Huge increases in government spending and record low levels of unemployment during the Vietnam War era in the late 1960s led policy makers to fear that

A) the economy was slipping into a recession, which would increase unemployment. B) the economy was growing too fast, which would increase unemployment. C) the economy was slipping into a recession, which would increase inflation. D) the economy was growing too fast, which would increase inflation.

Compared to the present value of a high school education, the present value of at least a college education is

a. 100 times as great b. nearly double c. the same d. about half e. Present value cannot be used to analyze education