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

Author Question: The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 ... (Read 99 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the
 
  A) firm has total revenue of 2,720.
  B) firm's total costs are less than 2,720.
  C) firm is making an economic profit.
  D) All of the above are true.

Question 2

How has growth in M2 minus the growth in real GDP compared to the inflation rate in the United States?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Since 1960, M2 growth minus the growth in real GDP has been closely correlated with inflation rates. The period of rapid inflation, during the 1970s, occurred at the same time there was a high growth rate of M2 minus the growth rate of real GDP. This correlation is present throughout all the years.


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

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?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
A peroxidation reaction involving a fatty acid is depicted in the figure below. A peroxidation reaction involving a fatty acid is depicted in the figure below.
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
The percentage of women who have cohabited by the age of 45 for 17 countries shows that the ... The percentage of women who have cohabited by the age of 45 for 17 countries shows that the ...
Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ... Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ...
Statuette of a Male Figure Statuette of a Male Figure
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library