Which are more economically efficient, perfectly competitive markets or monopolies? Compared to monopolies, perfectly competitive markets are A. less economically efficient because they result in more deadweight lossmore deadweight loss. B. more economically efficient because they result in more economic surplus. C. lessless economically efficient because they produce where marginal revenue is less thanis less than marginal cost. D. less economically efficient because they result in more economic surplusmore economic surplus. E. lessless economically efficient because they produce at higherhigher average total cost.

Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?

Asavings account that pays interest every 3 months is said to have a interest period

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?