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

Author Question: In long-run equilibrium for a perfectly competitive firm, price equals which of the following? a. ... (Read 63 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
In long-run equilibrium for a perfectly competitive firm, price equals which of the following?
 a. Economies of real cost.
  b. Maximum total revenue.
  c. Diseconomies of scale cost.
  d. Minimum point on the long-run average cost curve.

Question 2

If the income elasticity of demand for a good is positive, the good is a normal good.
 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

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
Gracias!

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
Solution (Polynomial Long Division) Solution (Polynomial Long Division)
Beaker with ibex, dogs, and long-necked birds, from southwest Iran. Beaker with ibex, dogs, and long-necked birds, from southwest Iran.
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.
Brush off front to finish. Long brushing strokes from head to feet to finish. Brush off front to finish. Long brushing strokes from head to feet to finish.
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library