Slowdonia's current growth rate of real GDP per person is 1 percent a year. Approximately how long will it take to double real GDP per person?

A monopolistically competitive firm will

A) always produce at the minimum efficient scale of production. B) have some control over its price because its product is differentiated. C) produce an output level that is productively and allocatively efficient. D) charge the same price as its competitors do.

Typically, total utility derived decreases as more of a good is consumed

a. True b. False Indicate whether the statement is true or false