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 47 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

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Oxygen dissociation curve Oxygen dissociation curve
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Who's Policing the Food Supply? Who's Policing the Food Supply?
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library