Author Question: The breakeven price of a perfectly competitive firm is obtained at the point of intersection between ... (Read 57 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
The breakeven price of a perfectly competitive firm is obtained at the point of intersection between the marginal revenue and marginal cost curves.
  Indicate whether the statement is true or false

Question 2

An individual perfectly competitive firm's supply curve is its:
 a. average-fixed-cost curve.
  b. marginal revenue curve.
  c. average-variable-cost curve.
  d. marginal cost curve.
  e. total cost curve.



morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

F

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

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?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

For a complete list of videos, visit our video library