If this is an open economy, quantity supplied of cars by the domestic producers will be ________. 

The quantity of labor supplied is dependent on the size of the working population and the wage rate

a. True b. False Indicate whether the statement is true or false

A firm with market power faces the following estimated demand and average variable cost functions:Qd = 39,000 - 500P + 0.4M - 8,000PRAVC = 30 - 0.005Q + 0.0000005Q2where Qd is quantity demanded, P is price, M is income, and PR is the price of a related good. The firm expects income to be $40,000 and PR to be $2. Total fixed cost is $100,000. What is the estimated marginal revenue function for the firm?

A. MR = 78 - 0.004Q  B. MR = 48 - 0.002Q  C. MR = 48 - 0.004Q D. MR = 78 - 0.002Q