« previous next »

Author Question: Which of the following is true about the long run operations of perfectly competitive firms? a. ... (Read 45 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
Which of the following is true about the long run operations of perfectly competitive firms?
 a. They produce with productive efficiency.
  b. They produce with allocative efficiency.
  c. They earn zero economic profits.
 d. all of the above

Question 2

Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?
 a. Taxes increase workers' incentives to work for longer hours.
  b. Taxes raise the disposable income of the workers.
  c. Imposition of taxes makes the government popular among the people.
  d. Taxes reduce the opportunity cost of leisure.
  e. Taxes reduce the demand for labor.


Brummell1998

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Children were given the same set of concrete operations tasks five times Children were given the same set of concrete operations tasks five times
Video: PET Scan Animation

For a complete list of videos, visit our video library