The tables above show a nation's labor demand and labor supply schedules and its production function. Given the equilibrium in the labor market, potential GDP is

For a single-price monopolist, marginal revenue is less than price because

A) the revenue gain from the last unit sold is offset by a revenue loss on the units that previously had been sold at a higher price. B) the revenue gain from the last unit sold is offset by further gains in price on units not sold at all. C) total revenue always decreases as output increases. D) the price does not have to be lowered on all previous units sold.

According to agency theory, a financial crisis results from ________ that disrupts the flow of funds from lender-savers to borrower-spenders

A) an increase in asymmetric information B) a macroeconomic shock C) the existence of asymmetric information D) a decrease in saving