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Author Question: If the electric company is allowed by regulators to earn only a normal profit, it will produce at ... (Read 83 times)

cdr_15

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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



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kiamars2010

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Answer to Question 1

D

Answer to Question 2

E




cdr_15

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


raenoj

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  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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