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

Author Question: In perfect competition, the firm's marginal revenue curve A) cuts its demand curve from below, ... (Read 118 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
In perfect competition, the firm's marginal revenue curve
 
  A) cuts its demand curve from below, going from left to right.
  B) cuts its demand curve from above, going from left to right.
  C) always lies below its demand curve.
  D) is the same as its demand curve.

Question 2

Economic efficiency necessarily occurs when the firm
 
  A) produces a given output at least cost.
  B) produces a given output by using the least inputs.
  C) earns a normal profit.
  D) earns an economic profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
:D TYSM

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

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

The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Dose-response curve with threshold Dose-response curve with threshold
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Biking competition in the park Biking competition in the park
European swimming competition European swimming competition
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library