The situation where a country can produce a good at a lower opportunity cost than another country is called a(n) __________ advantage

To the extent that the value of money is less predictable, it becomes

A) more acceptable as a store of value. B) less acceptable as a medium of exchange. C) more acceptable as a standard of deferred payment. D) more acceptable as a unit of account.

Consider the perfectly competitive firm in the above figure. The shutdown point occurs at a price of

A) $11.00. B) $12.00. C) $16.00. D) $22.00.