« previous next »

Author Question: Above the shutdown point, a competitive firm's supply curve coincides with its: a. marginal revenue ... (Read 15 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Above the shutdown point, a competitive firm's supply curve coincides with its:
 a. marginal revenue curve.
  b. marginal cost curve.
  c. average variable cost curve.
  d. average total cost curve.

Question 2

A horizontal demand curve indicates perfectly elastic demand.
 a. True
  b. False
  Indicate whether the statement is true or false


Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ghost!

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you


Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

blood supply blood supply
Bell Curve Joke Bell Curve Joke
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Blood Supply to the Lungs Blood Supply to the Lungs
Set-Point Theory Set-Point Theory
Competitive firms and maximization Competitive firms and maximization
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library