Economic growth measured in terms of an increase in per capita real GDP is not a good measure of the distribution of income in a nation

In a monopolistically competitive market, the consumer receives the benefit of

A) production at minimum average cost. B) production where price equals marginal cost. C) product differentiation. D) allocative efficiency.

Refer to Figure 4.3. Which diagram most likely represents the indifference map for left shoes and right shoes?

A. A

B. B

C. C

D. D