Given the information in Figure 14.4, the monopsony wage rate is:

Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, which of the following statements is correct?

A) Steve has a comparative advantage in both potatoes and tomatoes. B) Huey has an absolute advantage in potatoes only. C) Steve has an absolute advantage in both potatoes and tomatoes. D) Huey has an absolute advantage in both potatoes and tomatoes. E) Steve has an absolute advantage in potatoes only.

A ____ total cost function implies that marginal costs ____ as output is increased

a. linear; increase linearly b. quadratic; are constant c. cubic; increase linearly d. linear; are constant e. none of the above