If current income increases as much as future income decreases

Refer to Figure 2-2. If Mendonca chooses to produce 120 pounds of meat, how much vegetables can it produce to maximize production?

A) 0 pounds of vegetables B) 60 pounds of vegetables C) 100 pounds of vegetables D) 160 pounds of vegetables

For the monopolistically competitive firm, in both the short run and the long run

A. price will exceed marginal cost. B. the demand curve is inelastic. C. there will be no economic profit. D. production will be at minimum average cost.