In long-run equilibrium, a perfectly competitive firms produces ...

[dakota nelson]

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.

[C.mcnichol98]

Answer to Question 1

c

Answer to Question 2

c

[dakota nelson]

YES! Correct, THANKS for helping me on my review

[irishcancer18]

Thanks for the timely response, appreciate it