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Author Question: Which of the following is true about the long run operations of perfectly competitive firms? a. ... (Read 30 times)

jilianpiloj

  • Hero Member
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  • Posts: 521
on: Jun 30, 2018
Which of the following is true about the long run operations of perfectly competitive firms?
 a. They produce with productive efficiency.
  b. They produce with allocative efficiency.
  c. They earn zero economic profits.
 d. all of the above

Question 2

Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?
 a. Taxes increase workers' incentives to work for longer hours.
  b. Taxes raise the disposable income of the workers.
  c. Imposition of taxes makes the government popular among the people.
  d. Taxes reduce the opportunity cost of leisure.
  e. Taxes reduce the demand for labor.


Brummell1998

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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