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Author Question: For a perfectly competitive firm, no matter how much the firm produces, price always equals A) ... (Read 175 times)

lak

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on: Jun 29, 2018
For a perfectly competitive firm, no matter how much the firm produces, price always equals
 
  A) marginal product.
  B) average total cost.
  C) minimum average total cost.
  D) marginal revenue.

Question 2

The budget line ________.
 
  A) shows the limits to a household's consumption choices
  B) illustrates a household's preferences
  C) defines a household's consumption when prices change
  D) shows the income a household needs to be able to buy goods and services


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moormoney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


lak

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
Wow, this really help

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