In the long run, firms in monopolistic competition produce at a level that is ________ the efficient scale of output.
A) less than
B) equal to
C) more than
D) All of the above are possible depending on market conditions.
Question 2
The concept of diminishing marginal rate of substitution indicates that
A) as the consumption of good X increases, individuals are willing to give up an increasing amount of good Y in order to obtain one more unit of good X.
B) as the consumption of good X increases, individuals are willing to give up a decreasing amount of good Y in order to obtain one more unit of good X.
C) along an indifference curve, a consumer prefers the consumption combinations moving to the northwest along the curve.
D) None of the above answers is correct.
The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport.
Competition among Paramecium species.
Bururi long-fingered frog (Cardioglossa cyaneospila)
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
World Mean Sea-Level Temperatures in July
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011