The principle that under some circumstances majority voting fails to make consistent choices reflecting the community's underlying preference is best demonstrated by the:

The table above shows the total product schedule for Rick's Lawn Service, a yard care company. When the ________ worker is hired, the average product of labor ________ the marginal product of labor

A) 4th; exceeds B) 5th; exceeds C) 6th; exceeds D) 7th; is less than E) 7th; equals

A monopolistic competitor is like a monopolist in that: a. it sells in the inelastic portion of its demand curve. b. it earns zero economic profit in the long run

c. the marginal revenue curve lies above the AR curve. d. it faces a downward-sloping demand curve.