2. the pps company sells lead pencils in a perfectly competitive market for $5 per box of a dozen pencils. the firm currently produces 2,500 boxes of lead pencils each week and average total cost at this level of production is $5.15. what level of profit is this firm earning? explain

Before the tools that have come from computational psychiatry are ready to be used in everyday practice by psychiatrics, what is needed

Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question