« previous next »

Author Question: In the short run, a perfectly competitive firm might A) set its price above marginal cost. B) ... (Read 77 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 29, 2018
In the short run, a perfectly competitive firm might
 
  A) set its price above marginal cost.
  B) set its price above marginal revenue.
  C) adjust the size of its fixed inputs.
  D) operate even though it is incurring an economic loss.

Question 2

If the price of a movie download falls, the rental rate of DVDs ________ and the equilibrium quantity of DVDs rented ________.
 
  A) rises; decreases
  B) rises; increases
  C) falls; decreases
  D) falls; increases


cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Cost of Laptops Cost of Laptops
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library