In an open economy, the quantity supplied of bikes in the domestic market is ________.

The coefficient of determination will range between what values?

A) 0 and 1 B) -1 and +1 C) -3 and +3 D) none of the above

The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which

a. marginal revenue is equal to marginal cost. b. average total cost is equal to marginal revenue. c. average total cost is equal to price. d. average revenue exceeds average total cost.