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

Author Question: For a perfectly competitive firm, curve A in the above figure is the firm's A) total fixed cost ... (Read 97 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
For a perfectly competitive firm, curve A in the above figure is the firm's
 
  A) total fixed cost curve.
  B) average fixed cost curve.
  C) average variable cost curve.
  D) total revenue curve.

Question 2

When does the domestic government gain the MOST revenue?
 
  A) when it imposes a tariff
  B) when it imposes an import quota
  C) when it negotiates a voluntary export restraint
  D) The amount of revenue it gains is the same with a tariff and a voluntary export restraint.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


KimWrice

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Gracias!

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ... Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ...
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: DNA close up Animation

For a complete list of videos, visit our video library