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Author Question: At its shutdown point, a perfectly competitive firm earns total revenue that A) exceeds its total ... (Read 150 times)

Mr3Hunna

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At its shutdown point, a perfectly competitive firm earns total revenue that
 
  A) exceeds its total cost.
  B) generates a normal profit.
  C) just equals its total variable cost.
  D) exceeds its total variable cost.

Question 2

Using the above figure, which of the following quantities of CDs has the largest deadweight loss?
 
  A) 3 million CDs
  B) 4 million CDs
  C) 7 million CDs
  D) The deadweight losses associated with the three quantities given above are all equal.



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Sophiapenny

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Answer to Question 1

C

Answer to Question 2

C




Mr3Hunna

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Reply 2 on: Jun 29, 2018
Excellent


adammoses97

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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