>> Business Economics
Q. Illustrate what happens to official measure of GDP when air quality improves significantly in united states but there are no effects on aggregate production or on market prices of final goods and services
Q. A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Qd = 1000 - 10P. Marginal revenue is provided by MR=100 - 1/5Q.
a. Calculate monopolist's profit-maximizing quantity, price and profit.