« previous next »

Author Question: The term productive efficiency refers to a. any short-run equilibrium position of the competitive ... (Read 71 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The term productive efficiency refers to
 a. any short-run equilibrium position of the competitive firm
  b. the production of all goods and services that consumers need
  c. the production of a good at the lowest long-run average cost
  d. the equality between average total and average variable cost
  e. satisfying the condition that MR = MC

Question 2

If Family Travel Agency, a monopolistic competitor, offers services that are differentiated from the services of other producers in the industry, it
 a. faces a perfectly elastic demand curve
  b. is a price taker
  c. has some power to control the price it charges
  d. faces a perfectly inelastic demand curve
  e. produces a product with no close substitutes


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

The supine position. The supine position.
competitive inhibition competitive inhibition
The continents were not always in their present positions. The position of the continents is importa The continents were not always in their present positions. The position of the continents is importa
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Competitive firms and maximization Competitive firms and maximization
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library