"Every point on a demand curve represents a consumer equilibrium in the indifference curve model." Explain why the previous statement is correct or not

Which of the following is an assumption used when drawing a production possibilities frontier?

i. Human wants and desires are limited to what is available. ii. Only two goods are considered. iii. The level of technology is fixed and unchanging. A) ii only B) i and iii C) i only D) i, ii, and iii E) ii and iii

If all firms in a monopolistically competitive industry faced the same demand and cost curves pictured in the above figure

A) new firms will enter the industry. B) some firms will exit the industry. C) their economic profit would be zero. D) they would each produce 60 units.