For a perfectly competitive firm, no matter how much the firm ...

[lak]

For a perfectly competitive firm, no matter how much the firm produces, price always equals
 
  A) marginal product.
  B) average total cost.
  C) minimum average total cost.
  D) marginal revenue.

Question 2

The budget line ________.
 
  A) shows the limits to a household's consumption choices
  B) illustrates a household's preferences
  C) defines a household's consumption when prices change
  D) shows the income a household needs to be able to buy goods and services

[moormoney]

Answer to Question 1

D

Answer to Question 2

A

[lak]

YES! Correct, THANKS for helping me on my review

[Perkypinki]

Thanks for the timely response, appreciate it