If the market in the figure above is a profit-maximizing single-price monopoly, the deadweight loss is the area ________

Which of the following is true of cyclical unemployment?

A) Cyclical unemployment increases during periods of economic boom. B) Cyclical unemployment is the deviation of unemployment from its natural rate. C) Cyclical unemployment is also known as frictional unemployment. D) Cyclical unemployment decreases during periods of economic boom.

A monopoly faces the following demand function: Q = 100 - p + sqrt(A ), where A equals the dollar amount spent on advertising. If the cost function is A + 10 + 2Q, what are the profit-maximizing levels of price, output, and advertising? Compare this outcome to the case where the firm does not advertise at all

What will be an ideal response?