This topic contains a solution. Click here to go to the answer

Author Question: In the short run, a perfectly competitive firm will always shut down if, at all output levels above ... (Read 64 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
In the short run, a perfectly competitive firm will always shut down if, at all output levels above zero,
 a. price is less than average total cost
  b. total revenue is less than total cost
  c. they cannot pay variable costs with total revenue
  d. variable cost is greater than fixed cost
  e. price is less than fixed cost

Question 2

A monopolist's short-run supply curve is
 a. its average fixed cost curve
  b. the part of the marginal cost curve above the average variable cost curve
  c. the part of the marginal cost curve below the average variable cost curve
  d. nonexistent
  e. its demand curve



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
Answer to Question 1

C

Answer to Question 2

D




tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
Wow, this really help


pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library