Using the demand schedule in the above table, if the firm's marginal cost is constant at $3.00, output for a perfectly price discriminating monopolist is

Refer to Table 4-4. Suppose that the quantity of labor supplied decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?

A) W = $9.00; Q = 330,000 B) W = $8.00; Q = 390,000 C) W = $10.00; Q = 350,000 D) W = $9.50; Q = 370,000

If the velocity of money (V) and real output (Q) were increasing at approximately the same rate, then: a. it would be impossible for monetary authorities to control inflation

b. monetary acceleration would not lead to inflation. c. inflation would be closely related to the long-run rate of monetary expansion. d. none of the above