Answer to Question 1
D
Answer to Question 2
Excess capacity refers to a situation where a firm does not produce at the lowest possible average cost. In other words, economies of scale have not been exhausted. Excess capacity is an inevitable consequence of product differentiation. Firms differentiate their products in order to appeal to consumers' varied tastes. Consumers are, therefore, better offthey have greater utilitythan they would be if companies did not differentiate their products. Consumers are willing to pay for the higher costs that result from product differentiation.
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Table - Correlation Analysis
Life Table for an Annual Plant Cohort
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs