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

Author Question: Under long-run perfect competition, which of the following are the same (equal) at all levels of ... (Read 12 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
Under long-run perfect competition, which of the following are the same (equal) at all levels of output?
 a. Price and marginal cost.
  b. Price and marginal revenue.
  c. Marginal cost and marginal revenue.
  d. All of these.

Question 2

In response to a price change for good Y, if the cross-elasticity of demand for good Y is positive, good X and good Y are complements.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


D2AR0N

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 30, 2018
Thank you :)


jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

The levels of biological organization The levels of biological organization
Synapomorphies at different levels Synapomorphies at different levels
Long-tailed Widowbird Long-tailed Widowbird
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
How Long Does Poverty Last? How Long Does Poverty Last?
Energy passes among trophic levels Energy passes among trophic levels
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library