« previous next »

Author Question: The long-run aggregate supply curve is upward sloping. Indicate whether the statement is true or ... (Read 43 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
The long-run aggregate supply curve is upward sloping.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, if the price is 12, a profit-maximizing perfectly competitive firm will have an economic profit
 
  A) of less than 100 but more than 0.
  B) of more than 100.
  C) that is negative, that is, it will have an economic loss.
  D) of zero, that is, it will break even with a normal profit.


ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

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.

Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Blood Supply of the Liver Blood Supply of the Liver
At what speed does Grogzetti need to take the curve to avoid sliding? At what speed does Grogzetti need to take the curve to avoid sliding?
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library