The feature of the above figure that indicates that the firm is a ...

[folubunmi]

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.

[mmj22343]

Answer to Question 1

B

Answer to Question 2

D

[folubunmi]

Correct answers!

[mmj22343]

Great! Please up vote