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

Author Question: If price = marginal cost at the output produced by a perfectly competitive firm and the firm is ... (Read 165 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If price = marginal cost at the output produced by a perfectly competitive firm and the firm is earning an economic profit, then
 
  A) marginal revenue is less than price. B) price exceeds average total cost.
  C) total revenue equals total cost. D) average total cost is at a minimum.

Question 2

If fixed costs do not change, then marginal cost
 
  A) equals the change in variable cost divided by the change in output.
  B) also remains constant.
  C) equals the change in average fixed cost divided by the change in output.
  D) equals the change in average variable cost divided by the change in output.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


asd123

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 29, 2018
Correct answers!


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Photochemical smog is produced by a complex series of reactions Photochemical smog is produced by a complex series of reactions
France has produced most of its energy from nuclear power since the oil crisis of the 1970s France has produced most of its energy from nuclear power since the oil crisis of the 1970s
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Video: Inflammation and Fever

For a complete list of videos, visit our video library