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

Author Question: If the electric company is allowed by regulators to earn only a normal profit, it will produce at ... (Read 84 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
If the electric company is allowed by regulators to earn only a normal profit, it will produce at the point where
 a. MR = MC
  b. P = MC
  c. MC = quantity demanded
  d. P = AC
  e. MR = AC

Question 2

If Harry's Blueberries, a perfectly competitive firm, shuts down in the short run, Harry must pay
 a. variable cost but not fixed cost
  b. no costs at all
  c. variable cost and fixed cost
  d. only variable cost
  e. only fixed cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kiamars2010

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

A comparison between chromosomes found in a normal human cell and a cancer cell from the same person A comparison between chromosomes found in a normal human cell and a cancer cell from the same person
Activating a gene to produce “marathon mice.” Activating a gene to produce “marathon mice.”
A guanacaste tree, Enterolobium cyclocarpum, growing in Costa Rica. Guanacaste trees, which produce A guanacaste tree, Enterolobium cyclocarpum, growing in Costa Rica. Guanacaste trees, which produce
Electric Flux Electric Flux
(A) Tetralogy of Fallot; (B) normal anatomy. (A) Tetralogy of Fallot; (B) normal anatomy.
Find the equation of the normal line to f(x)=sinx+cosx at x = π. Find the equation of the normal line to f(x)=sinx+cosx at x = π.
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library