« previous next »

Author Question: In the short run, a perfectly competitive firm earning negative economic profit is A) on the ... (Read 38 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
In the short run, a perfectly competitive firm earning negative economic profit is
 
  A) on the downward-sloping portion of its ATC curve.
  B) at the minimum of its ATC curve.
  C) on the upward-sloping portion of its ATC curve.
  D) above its ATC curve.

Question 2

The rate at which one input can be reduced per additional unit of the other input, while holding output constant, is measured by the
 
  A) marginal rate of substitution.
  B) marginal rate of technical substitution.
  C) slope of the isocost curve.
  D) average product of the input.


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
Profit-maximizing Chart Profit-maximizing Chart
economic question economic question
economic question economic question
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library