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

Author Question: A firm in a perfectly competitive industry will expand output as long as: a. marginal revenue is ... (Read 73 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
A firm in a perfectly competitive industry will expand output as long as:
 a. marginal revenue is less than average revenue.
  b. marginal cost is less than marginal revenue.
 c. marginal cost is less than average total cost.
 d. marginal revenue is less than average total cost.

Question 2

Which of the following is an example of in-kind transfer?
 a. Social security benefits
  b. Food stamps
  c. Disability pensions
  d. Unemployment compensations
  e. Earned income tax credit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
Excellent

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
The Hotair long noncoding RNA regulates chromatin The Hotair long noncoding RNA regulates chromatin
Video: Proteins

For a complete list of videos, visit our video library