« previous next »

Author Question: In a perfectly competitive industry, in the long-run equilibrium A) the typical firm is producing ... (Read 104 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
In a perfectly competitive industry, in the long-run equilibrium
 
  A) the typical firm is producing at the output where its long-run average total cost is not minimized.
  B) the typical firm is earning an accounting profit greater than its implicit costs.
  C) the typical firm is maximizing its revenue.
  D) the typical firm earns zero profit.

Question 2

Suppose that real GDP for 2015 was 10,000 billion and real GDP for 2016 was 11,000 billion. What is the rate of growth of real GDP between 2015 and 2016?
 
  A) 1 B) 2 C) 5 D) 10
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Feng Mengbo, Long March: Restart. Feng Mengbo, Long March: Restart.
A typical magnetic crankshaft position sensor. A typical magnetic crankshaft position sensor.
Typical SPOUT connector as used on many Ford engines equipped with distributor ignition (DI). Typical SPOUT connector as used on many Ford engines equipped with distributor ignition (DI).
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ... When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ...
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library