All possible gains from specialization and exchange would be fully exploited only under which market structure?

Refer to Figure 2-2. If Mendonca chooses to produce 120 pounds of meat, how much vegetables can it produce to maximize production?

A) 0 pounds of vegetables B) 60 pounds of vegetables C) 100 pounds of vegetables D) 160 pounds of vegetables

The aggregate supply curve would shift downward if

a. unit costs increase due to an increase in output b. the wage rate increases c. good weather increases crop yields d. an increase in real GDP causes the price level to decrease e. an oil embargo causes world oil prices to rise