This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the above figure, the movement from point C to point A is the result of A) a decrease in the ... (Read 128 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 29, 2018
In the above figure, the movement from point C to point A is the result of
 
  A) a decrease in the price of coffee.
  B) an increase in the price of coffee.
  C) a decrease in the price of gasoline.
  D) an increase in the price of gasoline.

Question 2

What is the relationship between the price, P, and the average total cost, ATC, for a firm in perfect competition that makes an economic profit? That makes zero economic profit? That incurs an economic loss?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

If the price is greater than the average total cost, P > ATC, the firm makes an economic profit. If the price equals the average total cost, P = ATC, the firm makes zero economic profit. If the price is less than the average total cost, P < ATC, the firm incurs an economic loss.


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Label the four mutated DNA segments shown below according to the type of point mutation each ... Label the four mutated DNA segments shown below according to the type of point mutation each ...
Decimal Point Place Values Decimal Point Place Values
A 6-point socket fits the head of a bolt or nut on all sides. A 12-point socket can round off the ... A 6-point socket fits the head of a bolt or nut on all sides. A 12-point socket can round off the ...
Colossal Figure of Akhenaten Colossal Figure of Akhenaten
Flagellar movement Flagellar movement
Movement of fluids in the body is accomplished by A. osmosis, B. diffusion, or C. active transport Movement of fluids in the body is accomplished by A. osmosis, B. diffusion, or C. active transport
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library