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 107 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!

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
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 ...
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Firm handshake Firm handshake
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library