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

Author Question: If the slope of the rays from the origin to the total variable cost curve declines along the curve, ... (Read 71 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
If the slope of the rays from the origin to the total variable cost curve declines along the curve, it implies:
 a. the average variable cost is falling.
  b. the marginal cost is falling.
  c. the average variable cost is rising.
  d. the marginal cost is rising.

Question 2

Perfect competition describes a firm's behavior in a market model where:
 a. there are few firms producing identical products.
  b. there are few firms producing highly differentiated products.
  c. there are many firms producing identical products.
  d. there are many firms producing highly differentiated products.
  e. there are barriers to entry and exit for the new firms.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

c


OSWALD

  • Member
  • Posts: 580
Reply 2 on: Jun 30, 2018
Wow, this really help

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

The north-facing slope at this site supports a Mediterranean woodland, while the vegetation on the s The north-facing slope at this site supports a Mediterranean woodland, while the vegetation on the s
The Origin of Organelles The Origin of Organelles
Countries of Origin of Unauthorized Immigrants to the United States Countries of Origin of Unauthorized Immigrants to the United States
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Cost of Laptops Cost of Laptops
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library