The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -4. the firm’s marginal cost is constant at $40 per unit. a. express the firm’s marginal revenue as a function of its price. instruction: round your response to 2 decimal places. mr

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.