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

Author Question: The perfectly competitive firm's marginal revenue curve is A) exactly the same as the marginal ... (Read 31 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
The perfectly competitive firm's marginal revenue curve is
 
  A) exactly the same as the marginal cost curve.
  B) downward-sloping, at twice the (negative) slope of the market demand curve.
  C) vertical.
  D) horizontal.
  E) upward-sloping.

Question 2

Refer to Figure 6.1. At which point on the total product curve is the average product of labor the highest?
 
  A) point A.
  B) point B.
  C) point C.
  D) point D.
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


newyorker26

  • Member
  • Posts: 536
Reply 2 on: Jul 1, 2018
Excellent

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Competitive inhibitor Competitive inhibitor
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library