Author Question: In a purely competitive market place, the firm's output will be determined by A) where MR = MC. ... (Read 48 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
In a purely competitive market place, the firm's output will be determined by
 
  A) where MR = MC.
  B) where MR = y/N.
  C) where MP = y/N.
  D) where MC = P.

Question 2

What is the relationship between debt, falling commodity prices and rainforest degradation?
 
  What will be an ideal response?



tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

Discussed in the chapter.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

For a complete list of videos, visit our video library