This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For a perfectly competitive firm, curve A in the above figure is the firm's A) total fixed cost ... (Read 98 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
For a perfectly competitive firm, curve A in the above figure is the firm's
 
  A) total fixed cost curve.
  B) average fixed cost curve.
  C) average variable cost curve.
  D) total revenue curve.

Question 2

When does the domestic government gain the MOST revenue?
 
  A) when it imposes a tariff
  B) when it imposes an import quota
  C) when it negotiates a voluntary export restraint
  D) The amount of revenue it gains is the same with a tariff and a voluntary export restraint.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


KimWrice

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Cost Savings with an EHR System Cost Savings with an EHR System
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Mobilize each metatarsal–phalangeal joint with figure-8s. Hold the tarsal just below the ... Mobilize each metatarsal–phalangeal joint with figure-8s. Hold the tarsal just below the ...
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library