Emily is a writer. She buys pens and paper for $20 and writes a 500-page novel that she sells to a publishing company for $500,000. If the publisher prints 1 million copies that sell for $25 each, what is the contribution to GDP of Emily's novel?

John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000. From this, we can conclude that John

A) is risk averse. B) is risk loving. C) is risk neutral. D) has a negative marginal utility of wealth.

A firm in monopolistic competition needs ________ market share to qualify as a firm in monopolistic competition

a. no less than 50 percent b. no less than 10 percent c. no more than 5 percent d. no more than 1 percent e. there is no specific percentage