« previous next »

Author Question: Assume that the equilibrium price in a perfectly competitive industry is 4.25 . If a firm in this ... (Read 45 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Assume that the equilibrium price in a perfectly competitive industry is 4.25 . If a firm in this industry produced and sold 10 units with an average total cost of 5.00, what would be the result would be:
 a. a profit of 0.75
  b. a profit of 7.50
  c. a loss of 0.75
 d. a loss of 7.50

Question 2

Which of the following is a cash transfer received from the government?
 a. Medicaid
  b. Earned Income Tax Credit
  c. Food stamps
  d. Housing assistance
  e. Free education


Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Hydrostatic Equilibrium Hydrostatic Equilibrium
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Competitive inhibitor Competitive inhibitor
A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ... A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Metaphase I Animation

For a complete list of videos, visit our video library