The monopoly illustrated in the figure above is unregulated and charges a single price. The deadweight loss created by the monopoly is

A decrease in aggregate demand results in a(n) ________ in the ________

A) expansion; long run B) recession; short run C) expansion; short run D) recession; long run

Refer to the above table. If the price of the good produced is $10 and the wage rate is $500, then the marginal revenue product of the 5th worker is

A) $10. B) $50. C) $750. D) $4,750.