« previous next »

Author Question: In the short run, a perfectly competitive firm will maximize profit by producing where: a. MC = MR. ... (Read 93 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
In the short run, a perfectly competitive firm will maximize profit by producing where:
 a. MC = MR.
 b. MC = ATC.
 c. ATC = MR.
 d. AVC = MC.

Question 2

The 45-degree line splitting the distance between the axes in a Lorenz Curve is the:
 a. line of equal share of expenditure.
  b. line of equivalent income.
  c. line of income equality.
  d. line of average income.
  e. line of absolute inequality.


Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Producing cDNA from mRNA Producing cDNA from mRNA
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library