« previous next »

Author Question: In the short run, a perfectly competitive firm earning negative economic profit is A) on the ... (Read 27 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
In the short run, a perfectly competitive firm earning negative economic profit is
 
  A) on the downward-sloping portion of its ATC curve.
  B) at the minimum of its ATC curve.
  C) on the upward-sloping portion of its ATC curve.
  D) above its ATC curve.

Question 2

The rate at which one input can be reduced per additional unit of the other input, while holding output constant, is measured by the
 
  A) marginal rate of substitution.
  B) marginal rate of technical substitution.
  C) slope of the isocost curve.
  D) average product of the input.


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

coagulase negative Staphylococcus on Blood agar coagulase negative Staphylococcus on Blood agar
Positive and Negative Symptoms of Schizophrenia Positive and Negative Symptoms of Schizophrenia
Gram negative N. gonorrhoeae. Gram negative N. gonorrhoeae.
economic economic
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
economic question economic question
Video: Burn Animation

For a complete list of videos, visit our video library