For the capital stock to grow, production of capital goods must
a. exceed the inflation rate
b. exceed 15 percent of GDP
c. exceed the depreciation of existing capital
d. increase from the previous year
e. exceed the growth of the labor force
C
Economics
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Which of the following is TRUE of a perfectly competitive firm and a monopoly in the long run?
A) P = MC B) P = ATC C) MR = MC D) P = MR
Economics
In Figure 45.2, at the one-employer "company town solution," the number of workers hired will be 
Figure 45.2
A. L'. B. less than L'. C. L*. D. between L' and L*.
Economics