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

Author Question: When faced with an economic loss, a competitive firm will exit the industry in the long run. a. ... (Read 42 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
When faced with an economic loss, a competitive firm will exit the industry in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If finding the last stamp to complete your collection makes you happier than finding the first, then:
 a. marginal utility is zero.
  b. marginal utility is negative.
  c. total utility is decreasing.
  d. total utility is constant.
  e. marginal utility is not diminishing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

e


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

(A) Normal spongy bone. (B) Spongy bone with osteoporosis, which is characterized by a loss of bone (A) Normal spongy bone. (B) Spongy bone with osteoporosis, which is characterized by a loss of bone
The Role of Summation in Long-Term Potentiation The Role of Summation in Long-Term Potentiation
economic question economic question
economic question economic question
economic question economic question
Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library