If the inverse demand curve a monopoly faces is p = 100 - 2Q, MC is constant at 16, and the government imposes an $8 per unit specific tax on the monopoly, the deadweight loss solely due to the tax is

In the Ricardian model, the marginal product of labor:

a. first rises, then falls, as more labor is employed to produce a good. b. first falls, then rises, as more labor is employed to produce a good. c. continuously falls, as more labor is employed to produce a good. d. does not change, as more labor is employed to produce a good.

Omitted variables

A) can cause hypothesis tests to be unreliable. B) require multiple regression analyses to find. C) are usually those with t-statistics less than the critical value. D) are usually outside the confidence interval.