In a Mexican factory, each worker can produce 1/8 of a vase or 1/16 of a statue per hour. If there are 400 workers at the factory, the opportunity cost of one statue is

Long-run equilibrium for a monopolistic competitor is characterized by

A) a price exceeding marginal cost. B) marginal cost pricing. C) economic profits. D) too few firms in the industry.

The population of the United States grew _____ during the first half of the 19th century

a. slowly b. erratically c. about 3 percent per year d. about 6 percent per year