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

Author Question: Which of the following is FALSE regarding the long run for a firm in monopolistic competition? A) ... (Read 55 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Which of the following is FALSE regarding the long run for a firm in monopolistic competition?
 
  A) The firm makes zero economic profit.
  B) Price equals average total cost.
  C) Output is not produced at minimum average total cost.
  D) None of the above is a false statement.

Question 2

The president of which Federal Reserve Bank is always a voting member of the FOMC?
 
  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

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The president of the New York Federal Reserve Bank is always a voting member of the FOMC. The presidents of the other Federal Reserve Banks rotate on and off as voting members. The president of the New York Federal Reserve Bank is always a voting member because the New York Federal Reserve Bank implements the Fed's policy decisions.


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

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

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
The Role of Summation in Long-Term Potentiation The Role of Summation in Long-Term Potentiation
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Long-range forecasts Long-range forecasts
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library