« previous next »

Author Question: Consider the perfectly competitive firm in the above figure. At what price will long-run equilibrium ... (Read 97 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Consider the perfectly competitive firm in the above figure. At what price will long-run equilibrium occur?
 
  A) 11
  B) 12
  C) 22
  D) 23

Question 2

If marginal cost is less than average variable cost and output increases, average total cost ________ and average variable cost ________.
 
  A) increases; increases
  B) decreases; decreases
  C) decreases; increases
  D) increases; decreases


trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 29, 2018
Thank you


trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 29, 2018
No problemo


« 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?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ... A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
Identify the junction nodes in the circuit shown in Figure 21-1. Identify the junction nodes in the circuit shown in Figure 21-1.
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library