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

Author Question: A perfectly competitive firm's short-run supply curve is the same as its A) ATC curve. B) MR ... (Read 19 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
A perfectly competitive firm's short-run supply curve is the same as its
 
  A) ATC curve.
  B) MR curve.
  C) AVC curve.
  D) MC curve above the minimum of the AVC curve.

Question 2

The table above gives the utility from pens and pencils. If pens and pencils both cost .25 each and the consumer has an income of 2.25, which of the following combinations maximizes the consumer's utility?
 
  A) 3 pens and 6 pencils
  B) 4 pens and 5 pencils
  C) 5 pens and 4 pencils
  D) 6 pens and 3 pencils


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


123654777

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Bell Curve Joke Bell Curve Joke
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library