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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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  • 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


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kiamars2010

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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
YES! Correct, THANKS for helping me on my review

raenoj

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

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