Author Question: Refer to Figure 12-1. If the firm is charging a price of 12 per unit A) it is not selling any ... (Read 117 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
Refer to Figure 12-1. If the firm is charging a price of 12 per unit
 
  A) it is not selling any output. B) it is selling 700 units.
  C) it is making a profit. D) it breaks even.

Question 2

Refer to Table 13-2. What is likely to happen to the product's price in the long run?
 
  A) It will fall.
  B) It will remain constant.
  C) It will increase.
  D) This cannot be determined without information on its long-run demand curve.



sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

For a complete list of videos, visit our video library