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

Author Question: For a perfectly competitive firm, no matter how much the firm produces, price always equals A) ... (Read 128 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
For a perfectly competitive firm, no matter how much the firm produces, price always equals
 
  A) marginal product.
  B) average total cost.
  C) minimum average total cost.
  D) marginal revenue.

Question 2

The budget line ________.
 
  A) shows the limits to a household's consumption choices
  B) illustrates a household's preferences
  C) defines a household's consumption when prices change
  D) shows the income a household needs to be able to buy goods and services


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
:D TYSM

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

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?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

White matter White matter
Alan Price - Poor People Alan Price - Poor People
Interactions of Light and Matter Interactions of Light and Matter
The three states of matter: solid, liquid, and gas. The three states of matter: solid, liquid, and gas.
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: DNA close up Animation

For a complete list of videos, visit our video library