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Author Question: In the short run, a perfectly competitive firm will shut down if at the profit maximizing quantity ... (Read 43 times)

Beheh

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on: Jun 29, 2018
In the short run, a perfectly competitive firm will shut down if at the profit maximizing quantity the
 
  A) P < AVC.
  B) AVC < ATC.
  C) P > ATC.
  D) P > MC.

Question 2

As a firm expands its output, cost per unit of output (average cost) decreases and then increases. Average cost and output have
 
  A) a relationship with a minimum.
  B) a relationship with a maximum.
  C) no relationship.
  D) a linear positive relationship.


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IRincones

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Beheh

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  • Posts: 520
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
:D TYSM

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