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Author Question: In the short run, a perfectly competitive firm will always shut down if, at all output levels above ... (Read 63 times)

tsand2

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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



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Eazy416

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Answer to Question 1

C

Answer to Question 2

D




tsand2

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


meow1234

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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