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

Author Question: A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing ... (Read 181 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
A perfectly competitive firm will have an economic profit of zero if, at its profit-maximizing output, its marginal revenue equals its
 
  A) average total cost.
  B) marginal cost.
  C) average variable cost.
  D) average fixed cost.

Question 2

The cost of risk is the amount by which expected wealth must increase to give the same ________ as a no-risk situation.
 
  A) marginal wealth
  B) marginal utility
  C) expected utility
  D) expected wealth


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


naturalchemist

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Jun 29, 2018
Thank you


ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Economic and Social Development Economic and Social Development
Economic and Social Development Economic and Social Development
Forest products and the economic value Forest products and the economic value
economic question economic question
economic question economic question
economic question economic question
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library