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

Author Question: In the short run, a perfectly competitive firm will shut down if at the profit maximizing quantity ... (Read 61 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
In the short run, a perfectly competitive firm will shut down if at the profit maximizing quantity the
 
  A) P < AVC.
  B) AVC < ATC.
  C) P > ATC.
  D) P > MC.

Question 2

As a firm expands its output, cost per unit of output (average cost) decreases and then increases. Average cost and output have
 
  A) a relationship with a minimum.
  B) a relationship with a maximum.
  C) no relationship.
  D) a linear positive relationship.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IRincones

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Gracias!

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

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?

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

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Red-bellied short-necked turtle Red-bellied short-necked turtle
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Data management short answer q Data management short answer q
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library