The above figure shows the cost curves for a competitive firm. The firm will shut down in the short run if price falls below

If decision makers have limited ability to calculate profits from all possible combinations of options, they are said to have

A) dementia. B) bounded rationality. C) Pareto inefficiency. D) a maximin problem.

The most affordable places to live tend to be located disproportionately in the

A. southeastern states. B. upper Mid-West. C. Great Plains states. D. mid-Atlantic states and along the West Coast.