Author Question: For a perfectly competitive firm, price is the same as A) marginal revenue. B) average variable ... (Read 78 times)

anjilletteb · **on:** Jun 29, 2018

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.