If the per capita incomes of DVCs (developing countries) grew at the same annual rate as those of IACs (industrially advanced countries), then the absolute income gap between rich and poor nations over the years will:

The owner of a recently built cruise ship is deciding how to price its rooms. What advice would you give the owner?

a. Since MRMC, price to fill capacity d. Both A&C

Firm ABC designs and implements a lower-cost method of producing its product. This is an example of:

A. product innovation. B. the inverted U-theory. C. economies of scale. D. process innovation.