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 57 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


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

For a complete list of videos, visit our video library