If input prices for a perfectly competitive firm increase as the output of the industry expand in the long run, the long-run industry supply curve will:
a. have a positive slope.
b. have a negative slope.
c. be perfectly horizontal.
d. be perfectly vertical.
Question 2
The term utility refers to the:
a. usefulness of a good in relation to its scarcity.
b. necessity of a good.
c. price of a good.
d. number of goods a consumer has.
e. pleasure or satisfaction a consumer receives upon consuming a good.
Plant cells expand by taking up water into their vacuoles.
Non-competitive inhibition
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When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
The impact of industry and manufacturing on our life
Find the factor demand for labour and the amount of output it will produce. Show all ...