« previous next »

Author Question: Based on the data in the table above, the efficient level of output equals A) 550 units. B) 600 ... (Read 91 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?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Fractures are diagnosed based on an X-ray of the broken bone. Shown here: a comminuted fracture of ... Fractures are diagnosed based on an X-ray of the broken bone. Shown here: a comminuted fracture of ...
Assisting the patient to transfer from the bed or examining table to a wheelchair. Assisting the patient to transfer from the bed or examining table to a wheelchair.
How lateral inhibition produces contrast enhancement. (Based on Ratliff, 1972.) How lateral inhibition produces contrast enhancement. (Based on Ratliff, 1972.)
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
Seven bacteriophage deletion mutations (1 to 7 in the table below) are tested for their ability ... Seven bacteriophage deletion mutations (1 to 7 in the table below) are tested for their ability ...
Table - Correlation Analysis Table - Correlation Analysis
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library