« previous next »

Author Question: Based on the figure above, short-run equilibrium occurs at the price level of A) 120 and real GDP ... (Read 39 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jun 29, 2018
Based on the figure above, short-run equilibrium occurs at the price level of
 
  A) 120 and real GDP of 5 trillion.
  B) 130 and real GDP of 10 trillion.
  C) 140 and real GDP of 15 trillion.
  D) 130 and real GDP of 15 trillion.

Question 2

The figure above portrays a total revenue curve for a perfectly competitive firm. The price of the product in this industry
 
  A) equals 0.50.
  B) equals 1.00.
  C) equals 2.00.
  D) cannot be determined.


Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Phylogeny based on the FIT2 gene Phylogeny based on the FIT2 gene
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
Joint movement of the fingers. Apply scissoring at the knuckles and figure-8s to the fingers to ... Joint movement of the fingers. Apply scissoring at the knuckles and figure-8s to the fingers to ...
Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library