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

Author Question: The ________ for a perfectly competitive industry is the horizontal sum of the individual firms ... (Read 70 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Apr 19, 2019

Question 1

A perfectly competitive firm will be ________ if it operates at the minimum point on its average variable cost curve.


◦ maximizing losses
◦ operating at its shutdown point
◦ minimizing profits
◦ breaking even

Question 2

The ________ for a perfectly competitive industry is the horizontal sum of the individual firmsʹ marginal cost curves above 
AVC.


◦ short-run industry supply curve
◦ long-run industry supply curve
◦ short-run industry marginal revenue curve
◦ long-run industry marginal revenue curve
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by yoooooman on Apr 19, 2019

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

The underside of a male (top) and a female (bottom) individual of Pachygrapsus marmoratus, showing t The underside of a male (top) and a female (bottom) individual of Pachygrapsus marmoratus, showing t
(a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko (a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko
A factory replacement unit for a CSFI unit that has individual injectors at the ends that go into ... A factory replacement unit for a CSFI unit that has individual injectors at the ends that go into ...
Competitive inhibitor Competitive inhibitor
Food policy can drive the food industry Food policy can drive the food industry
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library