Refer to the tables. Suppose that technology and the quality of resources are the same in both countries. We can conclude that:
A. Duckistan has more resources than Herbania.
B. Herbania has more resources than Duckistan.
C. Duckistan has greater opportunity costs than Herbania.
D. Prices are twice as high in Herbania as in Duckistan.
B. Herbania has more resources than Duckistan.
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In the above figure, the profit-maximizing output for this single-price monopoly is ________ units and the price is ________
A) 200; $10 B) 300; $20 C) 500; $50 D) 200; $30 E) 300; $30
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Indicate whether the statement is true or false
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Indicate whether the statement is true or false
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