« previous next »

Author Question: The long-run aggregate supply curve is upward sloping. Indicate whether the statement is true or ... (Read 72 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
The long-run aggregate supply curve is upward sloping.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, if the price is 12, a profit-maximizing perfectly competitive firm will have an economic profit
 
  A) of less than 100 but more than 0.
  B) of more than 100.
  C) that is negative, that is, it will have an economic loss.
  D) of zero, that is, it will break even with a normal profit.


ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
Each chromosome consists of a single, long molecule of DNA within which are the sequences of individ Each chromosome consists of a single, long molecule of DNA within which are the sequences of individ
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library