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

Author Question: A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing ... (Read 185 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing output, its marginal revenue equals its
 
  A) average total cost.
  B) marginal cost.
  C) average variable cost.
  D) average fixed cost.

Question 2

The cost of risk is the amount by which expected wealth must increase to give the same ________ as a no-risk situation.
 
  A) marginal wealth
  B) marginal utility
  C) expected utility
  D) expected wealth


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


naturalchemist

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Jun 29, 2018
Thank you


ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

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?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

economic economic
economic economic
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library