Author Question: In long-run equilibrium, a perfectly competitive firms produces at the output level at which: a. ... (Read 40 times)

dakota nelson · **on:** Jun 30, 2018

In long-run equilibrium, a perfectly competitive firms produces at the output level at which:
a. total revenue is maximized.
b. long-run marginal cost is minimized.
c. average total cost is minimized.
d. short-run variable cost is minimized.

Question 2

The largest in-kind transfer received by the poor households in the U.S. is:
a. Old-Age, Survivors, and Disability Insurance.
b. the Head Start special education program for poor children.
c. Medicaid, which provides long-term medical care for the poor.
d. the food stamp program, which distributes food coupons to poor households.
e. Temporary Assistance for Needy Families.