Those who are interested in assessing the relative standard of living of different countries over a given time period are most likely to look at

In the above table, the production of 3 pizzas and 80 cases of soda is

A) impossible unless more resources become available or technology improves. B) feasible but would involve unemployed or misallocated resources. C) possible only if the economy produces with maximum efficiency. D) possible only if there is inflation.

The figure above shows depicts the marginal revenue and costs of a perfectly competitive firm. The price the firm charges is

A) $4 per unit. B) $8 per unit. C) $16 per unit. D) None of the above answers is correct.