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

Author Question: Which of the following is true for a firm operating under perfect competition, monopolistic ... (Read 52 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
Which of the following is true for a firm operating under perfect competition, monopolistic competition, and monopoly?
 a. Firms earn positive economic profits in the long run.
  b. Firms earn zero economic profits in the long run.
  c. Profits are maximized when marginal cost equals marginal revenue.
  d. Price equals marginal cost.

Question 2

Indifference curve analysis is based on numerical measurement of utility.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


fagboi

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Influence of abiotic factors on competition between T. castaneum and T. confusum. Influence of abiotic factors on competition between T. castaneum and T. confusum.
Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen
true story true story
True Friendship True Friendship
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
European swimming competition European swimming competition
Video: Role of transport in a cell

For a complete list of videos, visit our video library