Predatory pricing will be most effective when the costs structures of the firms in an industry, including potential entrants into the market, are identical or at least very similar

Suppose the economy's production function is Y = AK0.3N0.7. If K = 2000, N = 100, and A = 1, then Y = 246. If A rises by 10 percent, and K and N are unchanged, by how much does Y increase?

A) 5% B) 10% C) 15% D) 20%

In general, there is a ______________ relationship between the number of hours spent studying for a test and the grade earned on the test

A) independent B) direct C) inverse D) smooth