Economies of scale throughout the range of market demand give natural monopolies
a. downward-sloping long-run average cost curves
b. upward-sloping long-run average total cost curves
c. upward-sloping long-run average cost curves
d. upward-sloping short-run average total cost curves
e. horizontal long-run average cost curves
Question 2
The golden rule of profit maximization states that any firm maximizes profit by producing where
a. demand is unit elastic, and total revenue is greatest
b. price equals average revenue
c. price equals marginal revenue
d. price equals marginal cost
e. marginal revenue equals marginal cost
Bull elk on a captive range in Nebraska.
Schematic of the Earth–Moon system (without a consistent scale)
Post-Communist Economies
Glasgow Coma Scale (1 of 2)
Human embryo at successive stages of development (not to scale).
Principles of Natural Selection