Firms will continue to enter a competitive industry until:
a. the supply curve is vertical.
b. the market price falls below average variable cost.
c. any economic profits have been competed away.
d. all resources are fully employed.
Question 2
Per capita income is calculated as:
a. national income divided by number of households.
b. national income divided by number of people.
c. number of households divided by national income.
d. number of people divided by national income.
e. number of people divided by domestic income.
A theoretical photosynthetic response curve.
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
An Environmental Kuznets Curve
Bacteria growth curve
Axons of sympathetic preganglionic neurons enter sympathetic trunk ganglia
Construct a Lorenz curve that shows income distribution in this society.