Refer to the information provided in Figure 8.4 below to answer the question(s) that follow.  Figure 8.4 Refer to Figure 8.4. Micro Oven's average fixed costs of producing twelve units of output are

Physical capital differences across countries can be seen in the fact that

A) more advanced economies typically have more sophisticated technology. B) the iPhone's components are produced in 30 countries. C) furniture factories in China use machines like those in North Carolina. D) students in India study the same subjects as those in the United States. E) advanced economies produce 53 percent of the world's income.

Monopolies exist due to

A) patents. B) government franchises. C) cost factors. D) all of these choices contribute to the power of a monopoly.