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

Author Question: The economic profit of a perfectly competitive firm A) is less than its total revenue. B) equals ... (Read 101 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 29, 2018
The economic profit of a perfectly competitive firm
 
  A) is less than its total revenue.
  B) equals its total revenue.
  C) is greater than its total revenue.
  D) is less than its total revenue if its supply curve is inelastic and is greater than its total revenue if its supply curve is elastic.

Question 2

Suppose a bank is exactly meeting its desired reserve ratio of 10 percent and a new deposit of 75,000 is made. Immediately after the deposit is made, the bank's excess reserves equal
 
  A) zero.
  B) 7,500.
  C) 67,500.
  D) It is impossible to determine without additional information.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 29, 2018
Gracias!

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Total hip prosthesis. Total hip prosthesis.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Competitive firms and maximization Competitive firms and maximization
economic question economic question
economic question economic question
economic question economic question
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library