If the average cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?

Which of the following offers an explanation for the Leontief paradox?

I. Leontief's assumption that U.S. and foreign technologies are the same is incorrect. II. Leontief did not incorporate land and other resources. III. Leontief did not distinguish between skilled and unskilled labor. a. I, II, and III b. I and II c. I and III d. I

Refer to Table 3-2. The table above shows the demand schedules for caviar of two individuals (Ari and Sonia) and the rest of the market. At a price of $75, the quantity demanded in the market would be

A) 6 oz. B) 46 oz. C) 52 oz. D) 127 oz.