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

Author Question: In the above figure, at a price of 4 per unit, a profit-maximizing perfectly competitive firm will ... (Read 95 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
In the above figure, at a price of 4 per unit, a profit-maximizing perfectly competitive firm will
 
  A) shut down because its total revenue is less than its variable costs.
  B) incur an economic loss.
  C) produce 5 units.
  D) Both answers A and B are correct.

Question 2

Lizzie's budget line is shown in the figure above. Lizzie's real income in terms of magazines is ________ magazines
 
  A) 5
  B) 10
  C) 15
  D) 20


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ong527

  • Sr. Member
  • ****
  • Posts: 285
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Excellent

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

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?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Unit of blood. Unit of blood.
A Motor Unit A Motor Unit
Caravaneer on a camel, China. Tang dynasty, (618–907). Polychrome terra-cotta figure. Caravaneer on a camel, China. Tang dynasty, (618–907). Polychrome terra-cotta figure.
This unit is applying smoke to the fuel tank through an adapter and the leak was easily found to be ... This unit is applying smoke to the fuel tank through an adapter and the leak was easily found to be ...
Human Figure Human Figure
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library