Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question.The price at which total revenue is maximized is $________.

Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize

a. True b. False Indicate whether the statement is true or false

? Exhibit 8-3  Demand and cost curves for GeneTech, a monopolist with a patented vaccine Consider Exhibit 8-3. Suppose GeneTech's patent expires and the market for the vaccine becomes perfectly competitive. Which of the following price and quantity combinations would be most likely?

A. $45 per dose and 100 doses per hour B. $40 per dose and 200 doses per hour C. $35 per dose and 300 doses per hour D. $28 per dose and 450 doses per hour