The short-run profit-maximizing output level for a monopolistically competitive firm is the point at which

The marginal product of labor for Acme, Inc is 15. The average product of labor is 25, and the price of labor is $10. Assuming that Acme, Inc is a competitor in its output and input markets, the marginal revenue product of labor:

A) is $10. B) is $150. C) is $250. D) is $375. E) cannot be determined with the information provided.

Whenever the price of Good A increases, the demand for Good B increases as well. Good A and B appear to be: a. complements. b. substitutes

c. inferior goods. d. normal goods.