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

Author Question: If the electric company is allowed by regulators to earn only a normal profit, it will produce at ... (Read 78 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
If the electric company is allowed by regulators to earn only a normal profit, it will produce at the point where
 a. MR = MC
  b. P = MC
  c. MC = quantity demanded
  d. P = AC
  e. MR = AC

Question 2

If Harry's Blueberries, a perfectly competitive firm, shuts down in the short run, Harry must pay
 a. variable cost but not fixed cost
  b. no costs at all
  c. variable cost and fixed cost
  d. only variable cost
  e. only fixed cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kiamars2010

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Normal lung and one with emphysema. Normal lung and one with emphysema.
As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
Normal combustion is a smooth, controlled burning of the air–fuel mixture. Normal combustion is a smooth, controlled burning of the air–fuel mixture.
Right lateral view showing low normal curves of the vertebral column Right lateral view showing low normal curves of the vertebral column
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
The traditional human karyotypes derived from a normal female and a normal male The traditional human karyotypes derived from a normal female and a normal male
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library