________ is the ability to produce more of a good or service than competitors when using the same amount of resources

For a perfectly competitive firm facing the short-run break-even price

A) it has a negative accounting profit. B) it has an economic profit of zero. C) it should shut down. D) it should expand production.

Suppose $1 Canadian is worth 13 Mexican pesos, then a bike that costs $2,000 Canadian should sell for 30,000 pesos in Mexico

a. True b. False Indicate whether the statement is true or false