« previous next »

Author Question: Based on the data in the table above, the efficient level of output equals A) 550 units. B) 600 ... (Read 49 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
Based on the data in the table above, the efficient level of output equals
 
  A) 550 units.
  B) 600 units.
  C) 650 units.
  D) 700 units.

Question 2

If a perfectly competitive market is in long-run equilibrium and there is a permanent decrease in demand, then
 
  A) some firms will incur economic losses.
  B) firms are no longer maximizing profits.
  C) some firms must immediately exit.
  D) each firm must produce less output in the new long run equilibrium and earn less economic profit.


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

K@

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jun 29, 2018
Correct answers!


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ... Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ...
Electronegativity Chart (Periodic Table) Electronegativity Chart (Periodic Table)
How to fit an exponential model to data How to fit an exponential model to data
Apply effleurage and direct pressure on attachments of pectoralis minor. Lift one arm off the table ... Apply effleurage and direct pressure on attachments of pectoralis minor. Lift one arm off the table ...
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Table Table
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library