When price is less than the firms' minimum average total cost, ________.
A) new firms will enter the market
B) existing firms will leave the market
C) prices are likely to fall further
D) firms' profits are likely to be maximum
Question 2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of Y is
A) 1 unit of X per unit of Y for Agnes and 2 units of X per unit of Y for Brenda.
B) 1 unit of X per unit of Y for Agnes and 1/2 unit of X per unit of Y for Brenda.
C) 1 hour for Agnes and 1/2 hour for Brenda.
D) 1 hour for Agnes and 2 hours for Brenda.
Population predictions for 2000–2050, using three different total fertility rates (
(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
Average Global Temperature Rise over the Past Century
Selected Complications of Total Parenteral Nutrition
As a result of a hole in the graph, which of the following functions does not have an average ...
The enthalpy change for converting 10.0 g of ice at -25.0 C to water at 80.0 C is ________ kJ. ...