In long-run equilibrium, a perfectly competitive firm produces the output level that minimizes average total cost.
a. True
b. False
Indicate whether the statement is true or false
Question 2
The market's role is to ensure that nonrenewable resources are allocated across time to where they are most highly valued. This implies, if more is used today then:
a. the future supply curve shifts downward.
b. financial investments offer a lower rate of return.
c. the return on saving the resource for future use rises.
d. the expected demand for the resource in the future is low.
e. technological advancement will guarantee a steady future supply.
A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Mechanisms of pain at the nociceptor level
One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Firm handshake
Possible Sources of Differences in Output per Worker
A horizontal, 2.00 m long, 3.00 kg uniform beam that lies along the east-west di