The average revenue curve can also be described as the demand curve

The traditional typewriter market has collapsed over the past few decades because people prefer personal computers. Yet, some new typewriters continue to be produced and sold at historically low prices

How would you explain the decline in typewriter prices? A) Typewriter producers have become less greedy. B) The demand curve for typewriters has shifted to the left. C) The supply curve for typewriters has shifted to the right. D) The supply curve for typewriters has shifted to the left.

Refer to Table 2-12. Honduras has a comparative advantage in the production of

A) sailboats. B) canoes. C) both products. D) neither product.