« previous next »

Author Question: Based on the data in the table above, the efficient level of output equals A) 550 units. B) 600 ... (Read 97 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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

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?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger
Phylogenetic tree based on the distribution of 120 alleles in 42 populations from around the world, Phylogenetic tree based on the distribution of 120 alleles in 42 populations from around the world,
How to calculate the mean for grouped data How to calculate the mean for grouped data
A simplified overview of the genes and regulatory units involved in the control of lactose metabolis A simplified overview of the genes and regulatory units involved in the control of lactose metabolis
Data for a Hypothetical Paternity Test Using 13 CODIS Genes Data for a Hypothetical Paternity Test Using 13 CODIS Genes
Gamete genotype frequencies calculated from genetic linkage data Gamete genotype frequencies calculated from genetic linkage data
Video: Ear Animation

For a complete list of videos, visit our video library