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

Author Question: The feature of the above figure that indicates that the firm is a perfectly competitive firm is the ... (Read 57 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
The feature of the above figure that indicates that the firm is a perfectly competitive firm is the
 
  A) shape of the total cost curve.
  B) shape of the total revenue curve.
  C) fact that the total cost and total revenue curves are farthest apart at output is Q2.
  D) fact that the total cost and total revenue curves cross twice.

Question 2

A creditor nation means a nation
 
  A) whose exports exceed its imports.
  B) whose current account is larger than its capital account.
  C) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.
  D) who through its history has invested more in the rest of the world than other countries have invested in it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


folubunmi

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 29, 2018
Correct answers!


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
A peroxidation reaction involving a fatty acid is depicted in the figure below. A peroxidation reaction involving a fatty acid is depicted in the figure below.
Paul Colin, Figure of a Woman. Paul Colin, Figure of a Woman.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Figure and Ground Figure and Ground
Swimming Pool (Figure 3.1) Swimming Pool (Figure 3.1)
Video: Introduction to Spirometry

For a complete list of videos, visit our video library