Author Question: The equilibrium price in a market occurs where the: A) market demand and the firms' average cost ... (Read 82 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
The equilibrium price in a market occurs where the:
 
  A) market demand and the firms' average cost curves intersect.
  B) market supply and the firms' average cost curves intersect.
  C) market demand and the market supply curves intersect.
  D) market supply and the firms' revenue curves intersect.

Question 2

Refer to the scenario above. If you lend 30,000 to your friend for 30 years, you will receive ________ when he repays the amount after 30 years.
 
  A) 552,604.62
  B) 523,482.07
  C) 1,521,725.58
  D) 3,620,025.01



xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library