Refer to Figure 11-4. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from

A share of common stock is a claim on a corporation's

A) debt. B) liabilities. C) expenses. D) earnings and assets.

Which of the following accurately describe where long-run equilibrium happens in the monopolistically competitive firm?

a. At P and q*, long-run demand equals average marginal cost and long-run marginal revenue equals total cost.
b. At 0 and q*, long-run demand equals average total cost and long-run marginal revenue equals marginal cost.
c. At P and q*, long-run demand equals average total cost and long-run marginal revenue equals marginal cost.
d. At 0 and q*, long-run demand equals average marginal cost and long-run marginal revenue equals total cost.