« previous next »

Author Question: In the short run, a perfectly competitive firm will maximize profit by producing where: a. MC = MR. ... (Read 77 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?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

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?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Kitagawa Utamaro, Utamaro's Studio, Eshi . . . dosa-hiki (the three primary steps in producing ... Kitagawa Utamaro, Utamaro's Studio, Eshi . . . dosa-hiki (the three primary steps in producing ...
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Producing cDNA from mRNA Producing cDNA from mRNA
Mutation of Raly and Agouti producing yellow coat Mutation of Raly and Agouti producing yellow coat
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library