The net international investment position reflects the domestic holding of foreign assets minus foreign holdings of domestic assets

A monopolist would probably earn fewer profits if

A) the importance of specialized capital equipment in its production techniques increased. B) the time length of patents increased. C) environmental regulations increased that required the purchase of special capital equipment. D) tariffs on competing products were lowered.

The shape of a firm's long-run average cost curve is determined by:

a. the degree to which each input encounters diminishing marginal productivity. b. the underlying nature of the firm's production function when all inputs are able to be varied. c. how much the firm decides to produce. d. the way in which the firm's expansion path reacts to changes in the rental rate on capital.