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Author Question: For a perfectly competitive firm, curve A in the above figure is the firm's A) total fixed cost ... (Read 38 times)

KimWrice

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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.


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yuyiding

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

D

Answer to Question 2

A


KimWrice

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Mochi

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Reply 3 on: Yesterday
Wow, this really help

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