In a purely competitive market at its long-run equilibrium, which of the following is not true? The combined amount of consumer and producer surpluses is at its minimum possible. Price equals marginal cost, and they are equal to the lowest attainable average cost of production. The marginal benefit of the last unit of the product equals the marginal cost of producing that unit. The maximum willingness of buyers to pay for the last unit of the product equals the minimum acceptable price for the seller of that unit.

You wants to open a saving account.which account will grow his money the most

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.