[Answered] The difference between a perfectly competitive firm's total revenue and its total cost is A) ...

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DyllonKazuo

Hero Member
Posts: 565

on: Jun 29, 2018

The difference between a perfectly competitive firm's total revenue and its total cost is

A) always positive.
B) always negative.
C) always zero.
D) greatest at the profit-maximizing level of output.

Question 2

The data in the table above are the U.S. balance of payments. The current account balance is

A) 140 billion.
B) 155 billion.
C) 170 billion.
D) -45 billion.

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Liddy

Sr. Member
Posts: 342

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

A

DyllonKazuo

Hero Member
Posts: 565

Reply #2 on: Jun 29, 2018

Thank you

Liddy

Sr. Member
Posts: 342

Reply #3 on: Jun 29, 2018

No problemo

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