For a perfectly competitive firm, price is the same as A) ...

[anjilletteb]

For a perfectly competitive firm, price is the same as
 
  A) marginal revenue.
  B) average variable cost.
  C) total revenue.
  D) Both answers A and B are correct.

Question 2

The horizontal axis on a time-series graph
 
  A) measures the variable being graphed.
  B) measures units of time such as years.
  C) runs parallel to the y-axis.
  D) measures how the variable being graphed changes.

[AmberC1996]

Answer to Question 1

A

Answer to Question 2

B

[anjilletteb]

Thanks for the timely response, appreciate it

[sailorcrescent]

Excellent