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

Author Question: Which of the following is true in long-run equilibrium for both perfect competition and monopolistic ... (Read 75 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
Which of the following is true in long-run equilibrium for both perfect competition and monopolistic competition?
 a. Accounting profit is zero.
  b. Marginal cost equals price.
  c. Long-run average cost is at a minimum.
  d. Economic profit is zero.

Question 2

Indifference curve analysis is based on a mythical unit called a util.
 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

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


storky111

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Competition among Paramecium species. Competition among Paramecium species.
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,
A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library