« previous next »

Author Question: A market economy produces the optimal amount of each good at least cost where: A) P > ATC. B) ... (Read 89 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
A market economy produces the optimal amount of each good at least cost where:
 
  A) P > ATC.
  B) P = ATC.
  C) P > AVC.
  D) P = MR.

Question 2

Refer to the figure above. After the market changes from perfectly competitive to a monopoly:
 
  A) the social surplus decreases.
  B) the market price decreases.
  C) the deadweight loss decreases.
  D) the consumer surplus increases.


bd5255

  • Sr. Member
  • ****
  • Posts: 386
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

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

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

X chromosome inactivation in female mammals produces the Barr Body. X chromosome inactivation in female mammals produces the Barr Body.
good to eat good to eat
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ... This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library