Author Question: The long-run equilibrium for a monopolistically competitive firm occurs ________. A) at the ... (Read 71 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
The long-run equilibrium for a monopolistically competitive firm occurs ________.
 
  A) at the minimum point of the marginal cost curve
  B) at the minimum point of the average cost curve
  C) along the downward sloping portion of its average total cost curve
  D) along the upward sloping portion of its average total cost curve

Question 2

According to the text, paper money probably first evolved from
 
  A) the Federal Reserve.
  B) the early American savings and loan institutions.
  C) goldsmiths.
  D) the Bank of England.



Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library