A monopolistically competitive firm has excess capacity because in the
A) short run its MR exceeds its MC.
B) short run its ATC is less than its AVC.
C) long run its ATC exceeds its minimum ATC.
D) long run it makes an economic profit.
Question 2
If marginal cost exceeds average variable cost but is less than average total cost, then as output increases average total cost ________ and average variable cost ________.
A) increases; decreases
B) decreases; decreases
C) increases; increases
D) decreases; increases
Rebound Tenderness, Apply Firm Pressure to the Abdomen
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competitive inhibition
Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
When 1.50 mol of CH4(g) reacts with excess Cl2(g) at constant pressure according to the ...