Which of the following type of development combines office space, stores, and residential units in a single, vertical community known as a

For a monopolist to earn a positive economic profit, price has to exceed average total cost at the level of output at which marginal revenue equals marginal cost

Indicate whether the statement is true or false

When constructing a production possibilities frontier, which of the following assumptions is not made?

a. The economy produces only two goods or two types of goods. b. Firms produce goods using factors of production. c. The technology available to firms is given. d. The quantities of the factors of production that are available are increasing over the relevant time period.