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 87 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
Thanks for the timely response, appreciate it

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« 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?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Competitive inhibition Competitive inhibition
Non-competitive inhibition Non-competitive inhibition
Red-bellied short-necked turtle Red-bellied short-necked turtle
Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig
Competitive inhibitor Competitive inhibitor
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: Pressure Flow Model Animation

For a complete list of videos, visit our video library