A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P, implying that its marginal revenue is MR = 100 - 2Q. Its profit maximizing quantity is

This group, consisting of individuals who would like to work but have not looked for work during the past four weeks, is included among

a. discouraged workers. b. the structurally unemployed. c. minimally attractive workers. d. marginally attached workers.

Assume that a manufacturer of stereo speakers purchases $40 worth of components for each speaker. The completed speaker sells for $70. The value added by the manufacturer for each speaker is:

A. $110. B. $30. C. $40. D. $70.