« previous next »

Author Question: If a perfectly competitive firm cannot cover all of its costs, then it should shut down in the short ... (Read 34 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
If a perfectly competitive firm cannot cover all of its costs, then it should shut down in the short run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is true about marginal utility?
 a. Marginal utility is total utility divided by the total quantity consumed.
  b. Marginal utility is the change in total utility divided by the change in total quantity demanded.
  c. Marginal utility is the satisfaction that a consumer experiences from all the units of a good or service consumed.
  d. None of the above are true.


gasdhashg

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

False

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

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?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Ground cover and colour such as shown here in (a) white sand Ground cover and colour such as shown here in (a) white sand
The characteristically small and relatively short-legged reindeer from Svalbard The characteristically small and relatively short-legged reindeer from Svalbard
A typical oil pump mounted in the front cover of the engine that is driven by the crankshaft. A typical oil pump mounted in the front cover of the engine that is driven by the crankshaft.
Effects of Cloud Cover and Wind Effects of Cloud Cover and Wind
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library