Refer to Table 17-4. What are the quantity of labor and marginal revenue product of labor that will maximize the profit Apple would earn from selling iPods?
A) 2; 680 B) 2; 160 C) 3; 140 D) 3; 340
Question 2
Consumers in monopolistically competitive markets face a trade-off between paying prices greater than marginal costs and purchasing products that are more closely suited to their tastes.
Indicate whether the statement is true or false
