The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 utils. The marginal utility of the third hotdog is 4 utils. You should only consume the third hotdog if the price of the hotdog is less than or equal to

The supply of lettuce in the short run will be ________ than the supply in the long run and ________ than the supply today

A) more elastic; less elastic B) more elastic; more elastic C) less elastic; more elastic D) less elastic; less elastic

If Dell Computer Company could produce more computers at lower long-run average cost by increasing the quantity of all the inputs it uses, Dell definitely would experience

A) decreasing marginal returns. B) diseconomies of scale. C) increasing marginal returns. D) economies of scale.