« previous next »

Author Question: If a firm has a downward-sloping long-run average cost curve over the entire range of market demand, ... (Read 32 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 30, 2018
If a firm has a downward-sloping long-run average cost curve over the entire range of market demand, it is a
 a. local monopoly
  b. resource monopoly
  c. monopsony
  d. output monopoly
  e. natural monopoly

Question 2

Firm A and B are producers in the same perfectly competitive industry. If Firm A earns a marginal revenue of 17,
 a. it earns an average revenue less than 17
  b. Firm B earns an average revenue of 17
  c. Firm B will try to charge 16 per unit
  d. it earns an average revenue greater than 17
  e. Firm B earns an average revenue greater than 17


lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
Active range of motion (AROM) tests for the shoulder. A, Apley Scratch Test. B and C, Internal ... Active range of motion (AROM) tests for the shoulder. A, Apley Scratch Test. B and C, Internal ...
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Samples from the range of continuous variation in human eye color. Different alleles of more than on Samples from the range of continuous variation in human eye color. Different alleles of more than on
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library