Whether the firm produces or shuts down in the short run, fixed cost is equal to
a. average variable cost
b. total cost
c. sunk cost
d. price
e. marginal cost
Question 2
Economic analysis of product differentiation leads to all of the following conclusions except one. Which is the exception?
a. Product differentiation makes it harder for firms to collude.
b. Product differentiation makes price leadership harder to maintain.
c. Product differentiation sometimes contributes to wasteful allocation of resources.
d. Product differentiation must be based on real, substantive differences among products.
e. There is a tradeoff between using resources efficiently and providing consumers with wide choices.
Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Red-bellied short-necked turtle
Although average brain size increases gradually though time in H. erectus, individuals with small br
Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Patients of all socioeconomic backgrounds should be given equal care.
(a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces