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 114 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?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

For a complete list of videos, visit our video library