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

Author Question: At its shutdown point, a perfectly competitive firm earns total revenue that A) exceeds its total ... (Read 118 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
At its shutdown point, a perfectly competitive firm earns total revenue that
 
  A) exceeds its total cost.
  B) generates a normal profit.
  C) just equals its total variable cost.
  D) exceeds its total variable cost.

Question 2

Using the above figure, which of the following quantities of CDs has the largest deadweight loss?
 
  A) 3 million CDs
  B) 4 million CDs
  C) 7 million CDs
  D) The deadweight losses associated with the three quantities given above are all equal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri
McBurney’s point is the common location of pain in children and adolescents with appendicitis. McBurney’s point is the common location of pain in children and adolescents with appendicitis.
McBurney point. McBurney point.
Surgical needle shapes: (A) taper point; (B) cutting point. Surgical needle shapes: (A) taper point; (B) cutting point.
Direct thumb pressure to a trigger point. Direct thumb pressure to a trigger point.
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library