« previous next »

Author Question: In the short run, a perfectly competitive firm can A) only make an economic profit. B) only make ... (Read 61 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
In the short run, a perfectly competitive firm can
 
  A) only make an economic profit.
  B) only make zero economic profit.
  C) only incur an economic loss.
  D) make an economic profit, zero economic profit, or incur an economic loss.

Question 2

In the United States, Texas ranks number one in the amount of installed megawatts for wind power generation and Florida ranks number one in the number of beach vacations. These facts point out that
 
  A) Texas has a comparative advantage in wind power generation.
  B) Texas definitely has an absolute advantage in wind power generation.
  C) Florida should produce more wind energy.
  D) Florida can produce wind energy at a lower opportunity cost than can Texas.


cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
A medical assistant should present a neat appearance and make it a habit to wear a smile. A medical assistant should present a neat appearance and make it a habit to wear a smile.
Maze-dull rats did not make significantly more errors than maze-bright rats when both groups were ... Maze-dull rats did not make significantly more errors than maze-bright rats when both groups were ...
economic question economic question
economic question economic question
economic question economic question
Video: Genetic distance between human groups

For a complete list of videos, visit our video library