Author Question: The long-run supply curve for a competitive industry always has a positive slope. a. True b. False ... (Read 86 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
The long-run supply curve for a competitive industry always has a positive slope.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If total utility is falling, marginal utility is:
 a. positive.
  b. negative
  c. positive, but declining.
  d. either positive or negative.
  e. zero.



Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

False

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library