For a perfectly competitive firm that should continue to operate in the short run, loss is minimized where

In the United States

A) there are more households with incomes below the mean income than above the mean income. B) there are more households with incomes above the mean income than below the mean income. C) the mode income equals the mean income. D) the income distribution is bell shaped.

Consider the two graphs above. Suppose that final goods are assembled only when ordered and to satisfy the precise preferences of each consumer. This would ________ the desired level of inventories, as depicted in graph ________

A) increase; B B) increase; A C) decrease; B D) decrease; A