This topic contains a solution. Click here to go to the answer

Author Question: If a country operates on its PPF, it achieves production efficiency. Indicate whether the ... (Read 101 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
If a country operates on its PPF, it achieves production efficiency.
 
  Indicate whether the statement is true or false

Question 2

The figure above shows the cost, marginal revenue, and demand curves of Golden Chow, a producer of dog food. The market for dog food is monopolistic competition. In the short run, Golden Chow sells 400 cans of dog food per day and makes ________.
 
  Other firms have ________ incentive to enter the industry. A) an economic profit of 200 a day; an
  B) an economic profit of 400 a day; an
  C) a normal profit of 200 a day; no
  D) an economic profit of 400 a day; no



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Answer to Question 1

TRUE

Answer to Question 2

A




MirandaLo

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Excellent


triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

For a complete list of videos, visit our video library