Refer to the information. Over the $7-$5 price range, demand is:

The feature of the above figure that indicates that the firm is a perfectly competitive firm is the

A) shape of the total cost curve. B) shape of the total revenue curve. C) fact that the total cost and total revenue curves are farthest apart at output is Q2. D) fact that the total cost and total revenue curves cross twice.

The table below shows four alternative techniques for assembling a car. Which of the four techniques for assembling a car cannot be economically efficient with any input prices?

A) T-1 B) T-2 C) T-3 D) T-4