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Author Question: In the above figure, which of the following statements is FALSE if the firm is operating at output ... (Read 73 times)

plus1

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on: Jun 29, 2018
In the above figure, which of the following statements is FALSE if the firm is operating at output level Q2?
 
  A) The output is equivalent to an unregulated monopolist.
  B) Economic profits are positive.
  C) The price is lower than at an equivalent firm forced by regulators to charge ATC pricing.
  D) Average costs would be lowered by expanding output.

Question 2

Whenever a society forgoes current consumption to invest in capital goods,
 
  A) it will have less to consume next year.
  B) it will be easier for that society to consume less in the future because people will become accustomed to less.
  C) that society can consume more in the future.
  D) it will be forced to produce fewer capital goods in the future.


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mcni194

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


plus1

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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