« previous next »

Author Question: Based on the data in the table above, the efficient level of output equals A) 550 units. B) 600 ... (Read 76 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
Based on the data in the table above, the efficient level of output equals
 
  A) 550 units.
  B) 600 units.
  C) 650 units.
  D) 700 units.

Question 2

If a perfectly competitive market is in long-run equilibrium and there is a permanent decrease in demand, then
 
  A) some firms will incur economic losses.
  B) firms are no longer maximizing profits.
  C) some firms must immediately exit.
  D) each firm must produce less output in the new long run equilibrium and earn less economic profit.


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

K@

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jun 29, 2018
Correct answers!


dellikani2015

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Acute Stress, Glucocorticoid Level, Synaptic Plasticity, and Learning Acute Stress, Glucocorticoid Level, Synaptic Plasticity, and Learning
Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2 Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2
Looking carefully at the scan tool data is very helpful in locating the source of a problem. Looking carefully at the scan tool data is very helpful in locating the source of a problem.
table table
An electrochemical cell is based on these two half-reactions An electrochemical cell is based on these two half-reactions
Hardy–Weinberg Mating Table for Two Alleles of an Autosomal Gene Hardy–Weinberg Mating Table for Two Alleles of an Autosomal Gene
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library