For any combination or outputs, there is an efficient allocation of income

The Stability and Growth Pact (SGP) adopted in 1997 addressed concerns related to the:

A) tendency of nations to let their fiscal discipline promises slip once they had attained Eurozone member status. B) micromanagement tendency of the ECB toward its members. C) loss of political power of the European Parliament. D) tendency of nations to revert to using their own national currencies.

Segway Corporation has a monopoly on its personal transporter, which is a scooter that carries one person. The company achieved its monopoly through the procurement of a patent. In spite of this advantage it has yet to turn a profit

One major impediment for the product is the existence of local ordinance around the country that prohibits the use of motorized scooters on sidewalks where the Segway might otherwise provide great utility to users. Where do you believe the demand curve is in relation to the average total cost? What do you believe the company's executives are banking on since they continue to stay in business even in the face of losses?