Paul the Pizza Man Used a New Method to Streamline

question 40

Multiple Choice

Paul the Pizza Man used a new method to streamline pizza assembly that allowed him to make more pizzas and thus make greater revenue.Paul began to earn positive economic profits.In the long run,Paul will

• A)continue to earn economic profits
• B)earn zero economic profits because other pizza places will begin to use his system
• C)continue to earn economic profits because Paul will get a patent on his new method
• D)earn negative economic profits because innovators always loose money
• E)earn zero economic profits because the government does not allow monopolistically competitive firms to earn economic profits

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Definitions:

Electrical Current Flow

The movement of electric charge carriers, such as electrons, through a conductor or circuit, typically measured in amperes.

Atomic Number

The number of protons in the nucleus of an atom, which determines the chemical properties of an element.

Number of Protons

A fundamental characteristic of an element that defines its identity in the periodic table, equal to the atomic number.

Electron Charge

A fundamental property of the electron indicating the amount of negative electrical charge it carries.