Use the following graph for a monopolistically competitive firm in a constant-cost industry to answer the next question. 
This firm is
A. not in either short-run or long-run equilibrium.
B. in both short-run and long-run equilibrium.
C. in short-run equilibrium, but not long-run equilibrium.
D. in long-run equilibrium, but not short-run equilibrium.
Answer: C
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The table above shows Tom's total utility from milkshakes and sodas. A milkshake costs $2.00. How much marginal utility per dollar would Tom get if he purchased the ninth milkshake?
A) 1728 units per dollar B) 20 units per dollar C) 10 units per dollar D) none of the above
The market labor supply curve is the
a. vertical sum of the individual labor supply curves b. horizontal sum of the individual labor supply curves c. vertical difference of the individual labor supply curves d. horizontal difference of the individual labor supply curves e. average of the individual labor supply curves