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

Author Question: In long-run equilibrium, a perfectly competitive firm will produce an output level at which its ... (Read 75 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
In long-run equilibrium, a perfectly competitive firm will produce an output level at which its long-run average cost curve is upward sloping.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Utility theory assumes that marginal utility:
 a. increases as an individual consumes more of a product.
  b. decreases as an individual consumes more of a product.
  c. is zero as long as the individual derives utility from the product.
  d. is constant as long as the individual derives utility from the product.
  e. is constant as long as the individual derives satisfaction from the product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Excellent

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

Everyone has one nostril that is larger than the other.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Level II HCPCs Codes Cont. Level II HCPCs Codes Cont.
Hydrogen burns to produce energy and water Hydrogen burns to produce energy and water
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: Chemical Changes

For a complete list of videos, visit our video library