The figure above shows the demand and cost curves for a single-price monopoly. What level of output maximizes the firm's economic profit?

How can embracing globalization by governments in DVC promote economic growth?

What will be an ideal response?

Because of transactions which take place in the underground economy, the:

A. GDP calculation tends to overstate the actual value of goods sold in the economy. B. value of the GDP calculation through the expenditure approach will be greater than the value calculated through the income approach. C. GDP calculation tends to understate the actual value of goods sold in the economy. D. value of the GDP calculation will be equal to the value of the national income calculation.