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
Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
The 2012 U.S. presidential campaign rang with “get tough” cries to end Iran’s nuclear capacity and c
Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b
Effects of Altitude on Exercise Capacity
Performing a Spirometry Test to Measure Forced Vital Capacity
Excess heat capacity chart