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

Author Question: The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 ... (Read 69 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the
 
  A) firm has total revenue of 2,720.
  B) firm's total costs are less than 2,720.
  C) firm is making an economic profit.
  D) All of the above are true.

Question 2

How has growth in M2 minus the growth in real GDP compared to the inflation rate in the United States?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Since 1960, M2 growth minus the growth in real GDP has been closely correlated with inflation rates. The period of rapid inflation, during the 1970s, occurred at the same time there was a high growth rate of M2 minus the growth rate of real GDP. This correlation is present throughout all the years.


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
Wow, this really help

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

The “Old Man” from La Chapelle shows evidence of extensive tooth loss and bone resorption. The “Old Man” from La Chapelle shows evidence of extensive tooth loss and bone resorption.
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ... The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ...
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ... What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ...
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library