Kevin owns a personal training gymnasium in Orlando. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. Kevin will train how many clients per day?

A good or service or a resource is nonrival if

A) it is possible to prevent someone from enjoying its benefits. B) it is not possible to prevent someone from enjoying its benefits. C) its use by one person decreases the quantity available for someone else. D) its use by one person does not decrease the quantity available for someone else.

What is the common feature displayed by the following items?

a. eating in a newly opened "fusion" cuisine restaurant b. attending a Red Sox game in Fenway Park c. wearing Lucky Brand designer jeans A) They are all highly inelastic goods. B) The consumption of these goods takes place publicly. C) They tend to be consumed by better educated people. D) The consumption of these goods takes place privately.