A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. The monopoly's profit maximizing price is

College education tends to result in a negative externality because the recipient does not receive the full benefit of the education

Indicate whether the statement is true or false

Which of the following is true for the period between 1860 and 1910?

(a) The number of people in the labor force increased at a faster pace than the total population. (b) The workday lengthened. (c) Real national income decreased. (d) All of the above.