If a monopolist's price is $50 at 63 units of output and average total cost equals $43, then the firm's total profit is

In the calculation of the cost of going to college, an economist would always include the cost of room and board.

Answer the following statement true (T) or false (F)

Stabilization policies are government policies used to affect ________, with the objective of eliminating output gaps.

A. diminishing returns to capital. B. labor productivity. C. planned aggregate expenditure D. potential output.