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

Author Question: A perfectly competitive firm's short-run supply curve is the same as its A) ATC curve. B) MR ... (Read 27 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
A perfectly competitive firm's short-run supply curve is the same as its
 
  A) ATC curve.
  B) MR curve.
  C) AVC curve.
  D) MC curve above the minimum of the AVC curve.

Question 2

The table above gives the utility from pens and pencils. If pens and pencils both cost .25 each and the consumer has an income of 2.25, which of the following combinations maximizes the consumer's utility?
 
  A) 3 pens and 6 pencils
  B) 4 pens and 5 pencils
  C) 5 pens and 4 pencils
  D) 6 pens and 3 pencils


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


123654777

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
Excellent

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

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.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
The Light Curve of a Nova The Light Curve of a Nova
A Dose-Response Curve A Dose-Response Curve
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Short form of amino acids Short form of amino acids
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library