Use the following graph for a perfectly competitive firm to answer the next question.At its short-run equilibrium point, the firm's

A. marginal revenue equals its average variable cost.
B. marginal cost equals its average fixed cost.
C. marginal revenue equals its average total cost.
D. marginal cost equals its average variable cost.

Answer: C

Economics

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In the long run, ________ differences in economic growth rates result in ________ differences in GDP per capita

A) small; no B) small; large C) large; no D) large; small

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