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

Author Question: A perfectly competitive firm's short-run supply curve is the same as its A) ATC curve. B) MR ... (Read 42 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
A perfectly competitive firm's short-run supply curve is the same as its
 
  A) ATC curve.
  B) MR curve.
  C) AVC curve.
  D) MC curve above the minimum of the AVC curve.

Question 2

The table above gives the utility from pens and pencils. If pens and pencils both cost .25 each and the consumer has an income of 2.25, which of the following combinations maximizes the consumer's utility?
 
  A) 3 pens and 6 pencils
  B) 4 pens and 5 pencils
  C) 5 pens and 4 pencils
  D) 6 pens and 3 pencils


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


123654777

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
:D TYSM

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
The air flowing into the engine can be directed through long or short runners for best performance ... The air flowing into the engine can be directed through long or short runners for best performance ...
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library