The term retail apocalypse refers to the massive increase in the use of technology-artificial intelligence, augmented reality, etc.-that has flooded retail applications.

Rabelaisian Restaurants has a monopoly in the town of Upper Glutton.Its production function is Q  10L, where L is the amount of labor it uses and Q is the number of meals produced.Rabelaisian Restaurants finds that in order to hire L units of labor, it must pay a wage of 10  .1L per unit of labor.The demand curve for meals at Rabelaisian Restaurants is given by P  49  Q/1,000.The profit-maximizing output for Rabelaisian Restaurants is

A) 3,000 meals.
B) 12,000 meals.
C) 2,500 meals.
D) 24,000 meals.
E) 1,500 meals.

Macroeconomics simply focuses on the annual performance of a particular national economy and ignores its interactions with other national economies around the world.

A pure monopolist should never produce in the:

A) elastic segment of its demand curve because it can increase total revenue and reduce total cost by lowering price.
B) inelastic segment of its demand curve because it can increase total revenue and reduce total cost by increasing price.
C) inelastic segment of its demand curve because it can always increase total revenue by more than it increases total cost by reducing price.
D) segment of its demand curve where the price elasticity coefficient is greater than one.